Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
US Dollar/Bangladeshi Taka (FOREX:USDBDT)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 USDBDT
The long term trend has been UP since Apr 5th, 2019 at 84.5710
The intermediate term trend has been DOWN since Jun 23rd, 2019 at 84.0320
The short term trend has been DOWN since Jul 16th, 2019 at 84.4795
Smart Scan Analysis for USDBDT
Based on a pre-defined weighted trend formula for chart analysis, USDBDT scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).