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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.

FOREX_BDTJPY
Open High Low BDTJPY Price Change
1.3353526 1.3353526 1.3353526 1.3353526 0.0000000
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 up The intermediate-term trend has been UP since Sep 27th, 2021 at 1.2958625

short term up 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).

+80
Smart Scan Analysis for BDTJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3353526 1.3353526 1.3353526 1.3353526 0.0000000
Prev. Close Volume Bid Ask Time
1.3353526 2021-10-18 07:17:19
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