Forex Trend Analysis Report
Prepared for you on Friday, July 10, 2020.
Bangladeshi Taka/Japanese Yen (FOREX:BDTJPY)
Sidelines Mode (+55) - BDTJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BDTJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for BDTJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BDTJPY
The long-term trend has been UP since Jun 5th, 2020 at 1.2860763
The intermediate-term trend has been UP since Jun 30th, 2020 at 1.2642182
The short-term trend has been DOWN since Jul 9th, 2020 at 1.2688543
Smart Scan Analysis for BDTJPY
Based on our trend formula, BDTJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).