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.
MarketClub’s Trade Triangles for USDBDT
The long-term trend has been DOWN since Nov 19th, 2020 at 84.56090
The intermediate-term trend has been DOWN since Dec 2nd, 2020 at 84.46669
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).