Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, April 20, 2024.

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.

FOREX_GBPBDT
Open High Low GBPBDT Price Change
136.47512 136.47512 136.47512 136.47512 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPBDT

long term down The long-term trend has been DOWN since Apr 2nd, 2024 at 137.75048

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 138.69065

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 140.50955

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).

-90
Smart Scan Analysis for GBPBDT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
136.47512 136.47512 136.47512 136.47512 0.00000
Prev. Close Volume Bid Ask Time
136.47512 2024-04-20 05:38:10
Get a free daily analysis and signals for British Pound/Bangladeshi Taka (GBPBDT) - Request Your Free Report.