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Forex Trend Analysis Report

Prepared for you on Wednesday, May 12, 2021.

Bangladeshi Taka/US Dollar (FOREX:BDTUSD)

Bear Market Rally (-75) - BDTUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BDTUSD as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid BDTUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for BDTUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BDTUSD
Open High Low BDTUSD Price Change
0.01178627 0.01178627 0.01178627 0.01178627 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BDTUSD

long term down The long-term trend has been DOWN since Dec 21st, 2020 at 0.01173566

intermediate term up The intermediate-term trend has been UP since Mar 26th, 2021 at 0.01182295

short term down The short-term trend has been DOWN since Apr 7th, 2021 at 0.01180063

Smart Scan Analysis for BDTUSD

Based on our trend formula, BDTUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for BDTUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01178627 0.01178627 0.01178627 0.01178627 0.00000000
Prev. Close Volume Bid Ask Time
0.01178627 2021-05-11 17:23:04
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