Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Bangladeshi Taka/Japanese Yen (FOREX:BDTJPY)
Sidelines Mode (+50) - BDTJPY is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BDTJPY can gain momentum.
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 DOWN since May 9th, 2024 at 1.3408078
The intermediate-term trend has been UP since Oct 2nd, 2024 at 1.2038423
The short-term trend has been UP since Oct 2nd, 2024 at 1.2038423
Smart Scan Analysis for BDTJPY
Based on our trend formula, BDTJPY is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.2628294 | 1.2628294 | 1.2628294 | 1.2628294 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.2708594 | 2024-10-22 07:25:24 |