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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.

FOREX_USDBDT
Open High Low USDBDT Price Change
85.64278 85.64278 85.64278 85.64278 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDBDT

long term up The long-term trend has been UP since Aug 25th, 2021 at 85.16529

intermediate term up The intermediate-term trend has been UP since Sep 15th, 2021 at 85.21181

short term up 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).

+70
Smart Scan Analysis for USDBDT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
85.64278 85.64278 85.64278 85.64278 0.00000
Prev. Close Volume Bid Ask Time
85.62255 2021-10-25 07:22:34
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