Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Euro/Bangladeshi Taka (FOREX:EURBDT)
Countertrend Up (+85) - EURBDT is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for EURBDT
The long-term trend has been UP since Jun 5th, 2020 at 96.2312
The intermediate-term trend has been UP since Nov 17th, 2020 at 99.8023
The short-term trend has been UP since Nov 4th, 2020 at 99.2631
Smart Scan Analysis for EURBDT
Based on our trend formula, EURBDT is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).