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Forex Trend Analysis Report

Prepared for you on Wednesday, July 17, 2019.

Bangladeshi Taka/US Dollar (FOREX:BDTUSD)

Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.

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_BDTUSD
Open High Low BDTUSD Price Change
0.011838 0.011850 0.011838 0.011850 +0.000012
Entry Signal

MarketClub’s Trade Triangles for BDTUSD

long term down The long term trend has been DOWN since Apr 24th, 2019 at 0.011829

intermediate term up The intermediate term trend has been UP since Jun 23rd, 2019 at 0.011890

short term up The short term trend has been UP since Jul 17th, 2019 at 0.011841

Smart Scan Analysis for BDTUSD

Based on a pre-defined weighted trend formula for chart analysis, BDTUSD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+50
Smart Scan Analysis for BDTUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.011838 0.011850 0.011838 0.011850 +0.000012
Prev. Close Volume Bid Ask Time
0.011838 0.011625 0.012075 2019-07-17 20:59:55
Want to analyze Bangladeshi Taka/US Dollar BDTUSD or another symbol? Try our Free Forex Trend Analysis Report.