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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/Bangladeshi Taka (FOREX:USDBDT)
Weak Uptrend (+65) - USDBDT is showing signs of weakening momentum to the upside. Monitor USDBDT as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for USDBDT
The long-term trend has been UP since Apr 30th, 2024 at 110.39758
The intermediate-term trend has been DOWN since Jul 7th, 2024 at 117.23784
The short-term trend has been UP since Jul 16th, 2024 at 117.50230
Smart Scan Analysis for USDBDT
Based on our trend formula, USDBDT is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 117.48561 | 117.48561 | 117.48561 | 117.48561 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 117.48561 | 2024-07-26 07:26:06 |