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Forex Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

Bangladeshi Taka/US Dollar (FOREX:BDTUSD)

Strong Downtrend (-100) - BDTUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BDTUSD continues to fall. 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.

FOREX_BDTUSD
Open High Low BDTUSD Price Change
0.01052776 0.01052776 0.01052776 0.01052776 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 May 8th, 2022 at 0.01151450

short term down The short-term trend has been DOWN since May 8th, 2022 at 0.01153014

Smart Scan Analysis for BDTUSD

Based on our trend formula, BDTUSD is rated as a -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
0.01052776 0.01052776 0.01052776 0.01052776 0.00000000
Prev. Close Volume Bid Ask Time
0.01052776 2022-08-10 07:20:34
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