Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
US Dollar/Bangladeshi Taka (FOREX:USDBDT)
Bull Market Weakness (+75) - USDBDT is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.
MarketClub’s Trade Triangles for USDBDT
The long-term trend has been UP since Aug 25th, 2021 at 85.16529
The intermediate-term trend has been UP since Sep 15th, 2021 at 85.21181
The short-term trend has been UP since Sep 15th, 2021 at 85.19536
Smart Scan Analysis for USDBDT
Based on our trend formula, USDBDT is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).