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.
MarketClub’s Trade Triangles for BDTUSD
The long-term trend has been DOWN since Mar 3rd, 2022 at 0.01161717
The intermediate-term trend has been DOWN since May 8th, 2022 at 0.01151450
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).