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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
US Dollar/Bangladeshi Taka (FOREX:USDBDT)
Sidelines Mode (-55) - USDBDT is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for USDBDT
The long-term trend has been UP since Jan 7th, 2025 at 119.89436
The intermediate-term trend has been DOWN since Apr 28th, 2025 at 121.39633
The short-term trend has been UP since May 3rd, 2025 at 121.45998
Smart Scan Analysis for USDBDT
Based on our trend formula, USDBDT is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 121.78336 | 121.78336 | 121.78336 | 121.78336 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 121.37304 | 2025-05-03 16:46:29 |