Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2019.
Bangladeshi Taka/Japanese Yen (FOREX:BDTJPY)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BDTJPY
The long term trend has been DOWN since Jan 2nd, 2019 at 1.3112
The intermediate term trend has been UP since Apr 14th, 2019 at 1.3294
The short term trend has been UP since Apr 14th, 2019 at 1.3294
Smart Scan Analysis for BDTJPY
Based on a pre-defined weighted trend formula for chart analysis, BDTJPY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).