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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

US Dollar/Bangladeshi Taka (FOREX:USDBDT)

Long-Term Downtrend (-90) - USDBDT is in a strong downtrend that is likely to continue. While USDBDT 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 USDBDT?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDBDT.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDBDT
Open High Low USDBDT Price Change
84.79142 84.79142 84.79142 84.79142 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDBDT

long term down The long-term trend has been DOWN since Nov 19th, 2020 at 84.56090

intermediate term down The intermediate-term trend has been DOWN since Dec 2nd, 2020 at 84.46669

short term down The short-term trend has been DOWN since Dec 2nd, 2020 at 84.46669

Smart Scan Analysis for USDBDT

Based on our trend formula, USDBDT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDBDT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
84.79142 84.79142 84.79142 84.79142 0.00000
Prev. Close Volume Bid Ask Time
84.79142 2020-12-04 07:18:25
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