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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

Euro/Bangladeshi Taka (FOREX:EURBDT)

Long-Term Downtrend (-90) - EURBDT is in a strong downtrend that is likely to continue. While EURBDT 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 EURBDT?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURBDT.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURBDT
Open High Low EURBDT Price Change
99.2686 99.2686 99.2686 99.2686 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURBDT

long term down The long-term trend has been DOWN since Aug 9th, 2021 at 99.8571

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2021 at 100.2774

short term down The short-term trend has been DOWN since Sep 16th, 2021 at 100.2995

Smart Scan Analysis for EURBDT

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

-90
Smart Scan Analysis for EURBDT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
99.2686 99.2686 99.2686 99.2686 0.0000
Prev. Close Volume Bid Ask Time
99.8362 2021-10-18 07:17:19
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