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Forex Trend Analysis Report

Prepared for you on Tuesday, November 24, 2020.

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.

FOREX_BDTJPY
Open High Low BDTJPY Price Change
1.2271886 1.2271886 1.2271886 1.2271886 0.0000000
Entry Signal

MarketClub’s Trade Triangles for BDTJPY

long term down The long-term trend has been DOWN since Jul 29th, 2020 at 1.2535688

intermediate term down The intermediate-term trend has been DOWN since Nov 19th, 2020 at 1.2290229

short term down The short-term trend has been DOWN since Nov 17th, 2020 at 1.2326258

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).

-90
Smart Scan Analysis for BDTJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2271886 1.2271886 1.2271886 1.2271886 0.0000000
Prev. Close Volume Bid Ask Time
1.2319543 2020-11-23 21:07:00
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