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Forex Trend Analysis Report

Prepared for you on Sunday, September 24, 2023.

Bangladeshi Taka/US Dollar (FOREX:BDTUSD)

Bear Market Rally (-75) - BDTUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BDTUSD as it may be in the beginning of a reversal.

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.

FOREX_BDTUSD
Open High Low BDTUSD Price Change
0.00914671 0.00914671 0.00914671 0.00914671 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BDTUSD

long term down The long-term trend has been DOWN since Mar 3rd, 2022 at 0.01161717

intermediate term down The intermediate-term trend has been DOWN since Aug 13th, 2023 at 0.00913615

short term up The short-term trend has been UP since Sep 23rd, 2023 at 0.00912345

Smart Scan Analysis for BDTUSD

Based on our trend formula, BDTUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for BDTUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00914671 0.00914671 0.00914671 0.00914671 0.00000000
Prev. Close Volume Bid Ask Time
0.00914671 2023-09-23 13:03:34
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