Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
Euro/Bangladeshi Taka (FOREX:EURBDT)
Weak Downtrend (-65) - EURBDT is showing signs of a strengthening downtrend. Monitor EURBDT as it may be building momentum to the downside.
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 9th, 2022 at 95.3738
The intermediate-term trend has been DOWN since Jul 31st, 2023 at 120.4000
The short-term trend has been DOWN since Sep 10th, 2023 at 118.1200
Smart Scan Analysis for EURBDT
Based on our trend formula, EURBDT is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).