Forex Trend Analysis Report
Prepared for you on Monday, May 20, 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.
MarketClub’s Trade Triangles for BDTUSD
The long term trend has been DOWN since Apr 24th, 2019 at 0.011829
The intermediate term trend has been UP since Apr 28th, 2019 at 0.011902
The short term trend has been UP since May 9th, 2019 at 0.011850
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).