Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, July 24, 2024.

Bangladeshi Taka/British Pound (FOREX:BDTGBP)

Bear Market Rally (-75) - BDTGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BDTGBP as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid BDTGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for BDTGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BDTGBP
Open High Low BDTGBP Price Change
0.0065959 0.0065959 0.0065959 0.0065959 0.0000000
Entry Signal

MarketClub’s Trade Triangles for BDTGBP

long term down The long-term trend has been DOWN since May 9th, 2024 at 0.00710522

intermediate term down The intermediate-term trend has been DOWN since Jul 7th, 2024 at 0.00667261

short term up The short-term trend has been UP since Jul 21st, 2024 at 0.00656232

Smart Scan Analysis for BDTGBP

Based on our trend formula, BDTGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for BDTGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0065959 0.0065959 0.0065959 0.0065959 0.0000000
Prev. Close Volume Bid Ask Time
0.0065959 2024-07-24 07:26:16
Get a free daily analysis and signals for Bangladeshi Taka/British Pound (BDTGBP) - Request Your Free Report.