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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Bangladeshi Taka/US Dollar (FOREX:BDTUSD)

Weak Downtrend (-65) - BDTUSD is showing signs of a strengthening downtrend. Monitor BDTUSD as it may be building momentum to the downside.

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
0.00851338 0.00851338 0.00851338 0.00851338 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BDTUSD

long term down The long-term trend has been DOWN since Apr 30th, 2024 at 0.00906021

intermediate term up The intermediate-term trend has been UP since Jul 7th, 2024 at 0.00853142

short term down The short-term trend has been DOWN since Jul 16th, 2024 at 0.00851216

Smart Scan Analysis for BDTUSD

Based on our trend formula, BDTUSD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for BDTUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00851338 0.00851338 0.00851338 0.00851338 0.00000000
Prev. Close Volume Bid Ask Time
0.00851338 2024-07-26 07:26:06
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