Forex Trend Analysis Report
Prepared for you on Monday, January 25, 2021.
Bangladeshi Taka/US Dollar (FOREX:BDTUSD)
Countertrend Down (-85) - BDTUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
MarketClub’s Trade Triangles for BDTUSD
The long-term trend has been DOWN since Dec 21st, 2020 at 0.01173566
The intermediate-term trend has been DOWN since Dec 21st, 2020 at 0.01176634
The short-term trend has been UP since Jan 21st, 2021 at 0.01179884
Smart Scan Analysis for BDTUSD
Based on our trend formula, BDTUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).