Forex Trend Analysis Report
Prepared for you on Saturday, April 4, 2020.
British Pound/Bangladeshi Taka (FOREX:GBPBDT)
Long-Term Downtrend (-90) - GBPBDT is in a strong downtrend that is likely to continue. While GBPBDT 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 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 DOWN since Mar 29th, 2020 at 109.30748
The intermediate-term trend has been DOWN since Jan 20th, 2020 at 110.55011
The short-term trend has been DOWN since Feb 17th, 2020 at 110.61254
Smart Scan Analysis for GBPBDT
Based on our trend formula, GBPBDT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).