Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Bangladeshi Taka/Japanese Yen (FOREX:BDTJPY)
Long-Term Downtrend (-90) - BDTJPY is in a strong downtrend that is likely to continue. While BDTJPY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Dec 2nd, 2023 at 1.3314504
The intermediate-term trend has been DOWN since Nov 19th, 2023 at 1.3608067
The short-term trend has been DOWN since Nov 19th, 2023 at 1.3718321
Smart Scan Analysis for BDTJPY
Based on our trend formula, BDTJPY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).