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.
MarketClub’s Trade Triangles for USDBDT
The long-term trend has been DOWN since Mar 29th, 2020 at 84.52373
The intermediate-term trend has been DOWN since Mar 29th, 2020 at 85.45908
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).