Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
US Dollar/Bangladeshi Taka (FOREX:USDBDT)
Bear Market Rally (-75) - USDBDT is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDBDT as it may be in the beginning 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 DOWN since Apr 3rd, 2024 at 109.20766
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 109.60770
The short-term trend has been UP since Apr 25th, 2024 at 109.62063
Smart Scan Analysis for USDBDT
Based on our trend formula, USDBDT is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 109.75382 | 109.75382 | 109.71853 | 109.71853 | -0.03529 |
| Prev. Close | Volume | Bid | Ask | Time |
| 109.75382 | 2024-04-25 21:00:50 |