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Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2024.
Bangladeshi Taka/US Dollar (FOREX:BDTUSD)
Long-Term Downtrend (-90) - BDTUSD is in a strong downtrend that is likely to continue. While BDTUSD is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for BDTUSD
The long-term trend has been DOWN since Apr 30th, 2024 at 0.00906021
The intermediate-term trend has been DOWN since Nov 22nd, 2024 at 0.00836480
The short-term trend has been DOWN since Nov 12th, 2024 at 0.00836905
Smart Scan Analysis for BDTUSD
Based on our trend formula, BDTUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00836382 | 0.00836382 | 0.00836382 | 0.00836382 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00836382 | 2024-11-22 07:25:21 |