Forex Trend Analysis Report
Prepared for you on Wednesday, November 13, 2019.
British Pound/Bangladeshi Taka (FOREX:GBPBDT)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
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 GBPBDT
The long term trend has been UP since Oct 17th, 2019 at 106.53000
The intermediate term trend has been DOWN since Nov 10th, 2019 at 108.66013
The short term trend has been DOWN since Nov 10th, 2019 at 108.66013
Smart Scan Analysis for GBPBDT
Based on a pre-defined weighted trend formula for chart analysis, GBPBDT scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).