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Forex Trend Analysis Report

Prepared for you on Wednesday, October 20, 2021.

British Pound/Bangladeshi Taka (FOREX:GBPBDT)

Sidelines Mode (+50) - GBPBDT is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPBDT can gain momentum.

Is it time to buy, sell, or avoid GBPBDT?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBDT.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPBDT
Open High Low GBPBDT Price Change
117.54788 117.54788 117.54788 117.54788 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPBDT

long term down The long-term trend has been DOWN since Jul 19th, 2021 at 116.49635

intermediate term up The intermediate-term trend has been UP since Oct 18th, 2021 at 117.31958

short term up The short-term trend has been UP since Oct 12th, 2021 at 116.52027

Smart Scan Analysis for GBPBDT

Based on our trend formula, GBPBDT is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for GBPBDT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
117.54788 117.54788 117.54788 117.54788 0.00000
Prev. Close Volume Bid Ask Time
118.40227 2021-10-18 07:17:19
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