Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Bangladeshi Taka/Japanese Yen (FOREX:BDTJPY)
Strong Downtrend (-100) - BDTJPY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BDTJPY continues to fall. 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 Sep 15th, 2022 at 1.3971834
The intermediate-term trend has been DOWN since Mar 17th, 2023 at 1.2608244
The short-term trend has been DOWN since Mar 17th, 2023 at 1.2865345
Smart Scan Analysis for BDTJPY
Based on our trend formula, BDTJPY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).