Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
British Pound/Bangladeshi Taka (FOREX:GBPBDT)
Long-Term Uptrend (+90) - GBPBDT is in a strong uptrend that is likely to continue. While GBPBDT is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
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 Feb 14th, 2021 at 117.37413
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).