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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2019.

Bangladeshi Taka/Swedish Krona (FOREX:BDTSEK)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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.

Open High Low BDTSEK Price Change
0.10960 0.11055 0.10955 0.11050 +0.00090
Entry Signal

MarketClub’s Trade Triangles for BDTSEK

long term up The long term trend has been UP since Feb 6th, 2019 at 0.10925

intermediate term down The intermediate term trend has been DOWN since Mar 19th, 2019 at 0.10905

short term up The short term trend has been UP since Apr 18th, 2019 at 0.10995

Smart Scan Analysis for BDTSEK

Based on a pre-defined weighted trend formula for chart analysis, BDTSEK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for BDTSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10960 0.11055 0.10955 0.11050 +0.00090
Prev. Close Volume Bid Ask Time
0.10960 0.10840 0.11260 2019-04-18 09:02:25
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