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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Bangladeshi Taka/Japanese Yen (FOREX:BDTJPY)

Countertrend Up (+85) - BDTJPY 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 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.

FOREX_BDTJPY
Open High Low BDTJPY Price Change
1.3794889 1.3794889 1.3794889 1.3794889 0.0000000
Entry Signal

MarketClub’s Trade Triangles for BDTJPY

long term up The long-term trend has been UP since Mar 19th, 2024 at 1.3727480

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2024 at 1.3724000

short term up The short-term trend has been UP since Mar 18th, 2024 at 1.3477339

Smart Scan Analysis for BDTJPY

Based on our trend formula, BDTJPY is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for BDTJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3794889 1.3794889 1.3794889 1.3794889 0.0000000
Prev. Close Volume Bid Ask Time
1.3832997 2024-03-19 22:06:42
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