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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

Bangladeshi Taka/US Dollar (FOREX:BDTUSD)

Strong Downtrend (-100) - BDTUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BDTUSD continues to fall. Traders should use caution 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.

FOREX_BDTUSD
Open High Low BDTUSD Price Change
0.00849225 0.00849225 0.00846552 0.00846552 -0.00002700
Entry Signal

MarketClub’s Trade Triangles for BDTUSD

long term down The long-term trend has been DOWN since Apr 30th, 2024 at 0.00906021

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2024 at 0.00849959

short term down The short-term trend has been DOWN since Jun 13th, 2024 at 0.00849959

Smart Scan Analysis for BDTUSD

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

-100
Smart Scan Analysis for BDTUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00849225 0.00849225 0.00846552 0.00846552 -0.00002700
Prev. Close Volume Bid Ask Time
0.00849225 2024-06-13 21:00:26
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