Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Bangladeshi Taka/Japanese Yen (FOREX:BDTJPY)
Crossroads (-60) - BDTJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Mar 4th, 2020 at 1.2730455
The intermediate-term trend has been UP since May 18th, 2020 at 1.2662080
The short-term trend has been UP since May 14th, 2020 at 1.2597145
Smart Scan Analysis for BDTJPY
Based on our trend formula, BDTJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).