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Forex Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

US Dollar/Bangladeshi Taka (FOREX:USDBDT)

Strong Downtrend (-100) - USDBDT is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.

FOREX_USDBDT
Open High Low USDBDT Price Change
84.77756 84.77756 84.77756 84.77756 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDBDT

long term down The long-term trend has been DOWN since Mar 29th, 2020 at 84.52373

intermediate term down The intermediate-term trend has been DOWN since Mar 29th, 2020 at 85.45908

short term down The short-term trend has been DOWN since Mar 29th, 2020 at 84.94270

Smart Scan Analysis for USDBDT

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

-100
Smart Scan Analysis for USDBDT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
84.77756 84.77756 84.77756 84.77756 0.00000
Prev. Close Volume Bid Ask Time
84.77756 83.11307 86.44205 2020-04-05 21:08:53
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