Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Euro/Bangladeshi Taka (FOREX:EURBDT)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURBDT
The long term trend has been UP since Dec 17th, 2019 at 94.5875
The intermediate term trend has been UP since Dec 3rd, 2019 at 93.9970
The short term trend has been UP since Jan 21st, 2020 at 94.2738
Smart Scan Analysis for EURBDT
Based on a pre-defined weighted trend formula for chart analysis, EURBDT scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).