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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Euro/Bangladeshi Taka (FOREX:EURBDT)

Strong Downtrend (-100) - EURBDT is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURBDT continues to fall. 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
116.85 116.85 116.85 116.85 0.00
Entry Signal

MarketClub’s Trade Triangles for EURBDT

long term down The long-term trend has been DOWN since Feb 14th, 2024 at 117.71

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 118.74

short term down The short-term trend has been DOWN since Apr 14th, 2024 at 117.93

Smart Scan Analysis for EURBDT

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

-100
Smart Scan Analysis for EURBDT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
116.85 116.85 116.85 116.85 0.00
Prev. Close Volume Bid Ask Time
116.85 2024-04-14 22:04:00
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