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Forex Trend Analysis Report

Prepared for you on Friday, April 12, 2024.

Euro/Bangladeshi Taka (FOREX:EURBDT)

Countertrend Down (-85) - EURBDT 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 EURBDT?

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

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

FOREX_EURBDT
Open High Low EURBDT Price Change
118.89 118.89 118.89 118.89 0.00
Entry Signal

MarketClub’s Trade Triangles for EURBDT

long term down The long-term trend has been DOWN since Feb 14th, 2024 at 117.71

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 118.74

short term up The short-term trend has been UP since Apr 8th, 2024 at 118.36

Smart Scan Analysis for EURBDT

Based on our trend formula, EURBDT is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for EURBDT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
118.89 118.89 118.89 118.89 0.00
Prev. Close Volume Bid Ask Time
117.76 2024-04-08 21:00:12
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