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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

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
116.9895 116.9895 116.7813 116.7813 -0.2082
Entry Signal

MarketClub’s Trade Triangles for USDBDT

long term up The long-term trend has been UP since Apr 30th, 2024 at 110.39758

intermediate term up The intermediate-term trend has been UP since Apr 28th, 2024 at 109.80526

short term up The short-term trend has been UP since May 7th, 2024 at 109.78670

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
116.9895 116.9895 116.7813 116.7813 -0.2082
Prev. Close Volume Bid Ask Time
117.2640 2024-05-14 21:01:02
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