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Forex Trend Analysis Report

Prepared for you on Saturday, January 25, 2020.

Bangladeshi Taka/US Dollar (FOREX:BDTUSD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_BDTUSD
Open High Low BDTUSD Price Change
0.01178394 0.01178394 0.01174638 0.01174638 -0.00003800
Entry Signal

MarketClub’s Trade Triangles for BDTUSD

long term down The long term trend has been DOWN since Apr 24th, 2019 at 0.01182900

intermediate term down The intermediate term trend has been DOWN since Jan 21st, 2020 at 0.01176882

short term down The short term trend has been DOWN since Jan 21st, 2020 at 0.01178189

Smart Scan Analysis for BDTUSD

Based on a pre-defined weighted trend formula for chart analysis, BDTUSD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for BDTUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01178394 0.01178394 0.01174638 0.01174638 -0.00003800
Prev. Close Volume Bid Ask Time
0.01178394 0.01152181 0.01197094 2020-01-23 21:00:18
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