Forex Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
US Dollar/Bangladeshi Taka (FOREX:USDBDT)
Countertrend Up (+85) - USDBDT is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Mar 3rd, 2022 at 86.10896
The intermediate-term trend has been UP since Aug 13th, 2023 at 109.47984
The short-term trend has been UP since Sep 4th, 2023 at 109.31320
Smart Scan Analysis for USDBDT
Based on our trend formula, USDBDT is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).