Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
British Pound/Bangladeshi Taka (FOREX:GBPBDT)
Bull Market Weakness (+75) - GBPBDT is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPBDT as it may be in the beginning stages of a reversal.
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 Jul 29th, 2020 at 108.49447
The intermediate-term trend has been UP since Nov 11th, 2020 at 111.52544
The short-term trend has been UP since Nov 4th, 2020 at 110.19292
Smart Scan Analysis for GBPBDT
Based on our trend formula, GBPBDT is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).