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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

Bangladeshi Taka/US Dollar (FOREX:BDTUSD)

Long-Term Downtrend (-90) - BDTUSD is in a strong downtrend that is likely to continue. While BDTUSD is showing intraday strength, it remains in the confines of a bearish trend. 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
0.01168023 0.01168023 0.01168023 0.01168023 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BDTUSD

long term down The long-term trend has been DOWN since Aug 25th, 2021 at 0.01174546

intermediate term down The intermediate-term trend has been DOWN since Sep 15th, 2021 at 0.01173925

short term down The short-term trend has been DOWN since Sep 15th, 2021 at 0.01174145

Smart Scan Analysis for BDTUSD

Based on our trend formula, BDTUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BDTUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01168023 0.01168023 0.01168023 0.01168023 0.00000000
Prev. Close Volume Bid Ask Time
0.01168299 2021-10-25 07:22:34
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