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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.

FOREX_BDTJPY
Open High Low BDTJPY Price Change
1.3316 1.3316 1.3316 1.3316 0.0000
Entry Signal

MarketClub’s Trade Triangles for BDTJPY

long term down The long term trend has been DOWN since Jan 2nd, 2019 at 1.3112

intermediate term up The intermediate term trend has been UP since Apr 14th, 2019 at 1.3294

short term up 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).

-60
Smart Scan Analysis for BDTJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3316 1.3316 1.3316 1.3316 0.0000
Prev. Close Volume Bid Ask Time
1.3260 1.3064 1.3568 2019-04-14 20:10:48
Want to analyze Bangladeshi Taka/Japanese Yen BDTJPY or another symbol? Try our Free Forex Trend Analysis Report.