Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
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.
MarketClub’s Trade Triangles for BDTUSD
The long-term trend has been UP since Mar 29th, 2020 at 0.01183530
The intermediate-term trend has been UP since May 18th, 2020 at 0.01179274
The short-term trend has been DOWN since May 18th, 2020 at 0.01178071
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).