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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

US Dollar/Bangladeshi Taka (FOREX:USDBDT)

Crossroads (+60) - USDBDT is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
84.76516 84.76516 84.76516 84.76516 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDBDT

long term up The long-term trend has been UP since Dec 21st, 2020 at 85.23747

intermediate term down The intermediate-term trend has been DOWN since Jan 29th, 2021 at 84.76809

short term down The short-term trend has been DOWN since Feb 22nd, 2021 at 84.58169

Smart Scan Analysis for USDBDT

Based on our trend formula, USDBDT is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for USDBDT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
84.76516 84.76516 84.76516 84.76516 0.00000
Prev. Close Volume Bid Ask Time
84.76516 2021-02-25 07:31:41
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