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.
MarketClub’s Trade Triangles for EURBDT
The long-term trend has been DOWN since Aug 9th, 2021 at 99.8571
The intermediate-term trend has been DOWN since Sep 21st, 2021 at 100.2774
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).