Forex Trend Analysis Report
Prepared for you on Sunday, August 1, 2021.
Bangladeshi Taka/Japanese Yen (FOREX:BDTJPY)
Weak Downtrend (-65) - BDTJPY is showing signs of a strengthening downtrend. Monitor BDTJPY as it may be building momentum to the downside.
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 UP since Feb 7th, 2021 at 1.2437545
The intermediate-term trend has been DOWN since Jul 30th, 2021 at 1.2951418
The short-term trend has been DOWN since Jul 6th, 2021 at 1.3073475
Smart Scan Analysis for BDTJPY
Based on our trend formula, BDTJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).