Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Bangladeshi Taka/US Dollar (FOREX:BDTUSD)
Long-Term Downtrend (-90) - BDTUSD is in a strong downtrend that is likely to continue. While BDTUSD 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 BDTUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BDTUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BDTUSD
The long-term trend has been DOWN since Aug 25th, 2021 at 0.01174546
The intermediate-term trend has been DOWN since Sep 15th, 2021 at 0.01173925
The short-term trend has been DOWN since Sep 15th, 2021 at 0.01174145
Smart Scan Analysis for BDTUSD
Based on our trend formula, BDTUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).