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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
Bangladeshi Taka/US Dollar (FOREX:BDTUSD)
Sidelines Mode (+55) - BDTUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for BDTUSD
The long-term trend has been UP since Apr 3rd, 2024 at 0.00915894
The intermediate-term trend has been UP since Apr 2nd, 2024 at 0.00912553
The short-term trend has been DOWN since Apr 25th, 2024 at 0.00912453
Smart Scan Analysis for BDTUSD
Based on our trend formula, BDTUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00911343 | 0.00911636 | 0.00911343 | 0.00911636 | +0.00000300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00911343 | 2024-04-25 21:00:50 |