Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
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, SHORTSYMBOL 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.
MarketClub’s Trade Triangles for EURBDT
The long-term trend has been DOWN since Feb 11th, 2020 at 93.1386
The intermediate-term trend has been DOWN since Jan 22nd, 2020 at 94.0810
The short-term trend has been DOWN since Feb 11th, 2020 at 93.6243
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).