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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.
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MarketClub’s Trade Triangles for GBPBDT
The long-term trend has been DOWN since Jul 19th, 2021 at 116.49635
The intermediate-term trend has been UP since Oct 18th, 2021 at 117.31958
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).
| 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 |