Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
British Pound/Bangladeshi Taka (FOREX:GBPBDT)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management 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 UP since Nov 19th, 2019 at 109.61647
The short term trend has been UP since Jan 6th, 2020 at 111.78203
Smart Scan Analysis for GBPBDT
Based on a pre-defined weighted trend formula for chart analysis, GBPBDT scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).