Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Bangladeshi Taka/Japanese Yen (FOREX:BDTJPY)
Countertrend Up (+85) - BDTJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for BDTJPY
The long-term trend has been UP since Oct 12th, 2021 at 1.3140028
The intermediate-term trend has been UP since Sep 27th, 2021 at 1.2958625
The short-term trend has been UP since Sep 27th, 2021 at 1.2881180
Smart Scan Analysis for BDTJPY
Based on our trend formula, BDTJPY is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).