Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
British Pound/Bangladeshi Taka (FOREX:GBPBDT)
Countertrend Up (+85) - GBPBDT is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for GBPBDT
The long-term trend has been UP since Nov 14th, 2022 at 119.55657
The intermediate-term trend has been UP since Mar 17th, 2023 at 128.85454
The short-term trend has been UP since Mar 17th, 2023 at 126.35690
Smart Scan Analysis for GBPBDT
Based on our trend formula, GBPBDT is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).