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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.

FOREX_GBPBDT
Open High Low GBPBDT Price Change
105.66989 105.66989 105.66989 105.66989 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPBDT

long term down The long-term trend has been DOWN since Mar 29th, 2020 at 109.30748

intermediate term down The intermediate-term trend has been DOWN since Jan 20th, 2020 at 110.55011

short term down 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).

-90
Smart Scan Analysis for GBPBDT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
105.66989 105.66989 105.66989 105.66989 0.00000
Prev. Close Volume Bid Ask Time
105.66989 103.61930 107.72048 2020-04-02 07:19:25
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