Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
/US Dollar (FOREX:BTNUSD)
Long-Term Downtrend (-90) - BTNUSD is in a strong downtrend that is likely to continue. While BTNUSD 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 BTNUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BTNUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BTNUSD
The long-term trend has been DOWN since Apr 7th, 2021 at 0.01359067
The intermediate-term trend has been DOWN since Sep 29th, 2021 at 0.01355898
The short-term trend has been DOWN since Sep 29th, 2021 at 0.01356639
Smart Scan Analysis for BTNUSD
Based on our trend formula, BTNUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).