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Forex Trend Analysis Report

Prepared for you on Saturday, July 2, 2022.

Bangladeshi Taka/Japanese Yen (FOREX:BDTJPY)

Crossroads (-60) - BDTJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid BDTJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for BDTJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BDTJPY
Open High Low BDTJPY Price Change
1.4492128 1.4494044 1.4492128 1.4494044 +0.0001920
Entry Signal

MarketClub’s Trade Triangles for BDTJPY

long term up The long-term trend has been UP since Oct 12th, 2021 at 1.3140028

intermediate term down The intermediate-term trend has been DOWN since May 20th, 2022 at 1.4685069

short term down The short-term trend has been DOWN since May 16th, 2022 at 1.4988360

Smart Scan Analysis for BDTJPY

Based on our trend formula, BDTJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for BDTJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4492128 1.4494044 1.4492128 1.4494044 +0.0001920
Prev. Close Volume Bid Ask Time
1.4713959 2022-06-18 05:16:20
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