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Forex Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

US Dollar/Bangladeshi Taka (FOREX:USDBDT)

Countertrend Up (+85) - USDBDT is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
95.01954 95.01954 95.01954 95.01954 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDBDT

long term up The long-term trend has been UP since Mar 3rd, 2022 at 86.10896

intermediate term up The intermediate-term trend has been UP since May 8th, 2022 at 86.87998

short term up The short-term trend has been UP since May 8th, 2022 at 86.76290

Smart Scan Analysis for USDBDT

Based on our trend formula, USDBDT is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for USDBDT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
95.01954 95.01954 95.01954 95.01954 0.00000
Prev. Close Volume Bid Ask Time
95.01954 2022-08-10 07:20:34
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