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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

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.

FOREX_BDTJPY
Open High Low BDTJPY Price Change
1.3297936 1.3297936 1.3297936 1.3297936 0.0000000
Entry Signal

MarketClub’s Trade Triangles for BDTJPY

long term down The long-term trend has been DOWN since May 9th, 2024 at 1.3408078

intermediate term down The intermediate-term trend has been DOWN since Jul 14th, 2024 at 1.3540621

short term down The short-term trend has been DOWN since Jul 12th, 2024 at 1.3703331

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).

-100
Smart Scan Analysis for BDTJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3297936 1.3297936 1.3297936 1.3297936 0.0000000
Prev. Close Volume Bid Ask Time
1.3297936 2024-07-23 07:26:08
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