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Forex Trend Analysis Report
Prepared for you on Friday, May 10, 2024.
British Pound/Bangladeshi Taka (FOREX:GBPBDT)
Countertrend Up (+85) - GBPBDT is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since May 9th, 2024 at 140.77326
The intermediate-term trend has been UP since May 9th, 2024 at 137.88419
The short-term trend has been UP since May 7th, 2024 at 137.44186
Smart Scan Analysis for GBPBDT
Based on our trend formula, GBPBDT is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 145.89129 | 145.89129 | 145.89129 | 145.89129 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 145.89129 | 2024-05-09 21:01:39 |