Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
British Pound/Bangladeshi Taka (FOREX:GBPBDT)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPBDT
The long term trend has been UP since Oct 17th, 2019 at 106.53000
The intermediate term trend has been DOWN since Jan 20th, 2020 at 110.55011
The short term trend has been UP since Jan 21st, 2020 at 110.91688
Smart Scan Analysis for GBPBDT
Based on a pre-defined weighted trend formula for chart analysis, GBPBDT scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).