Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
US Dollar/Bangladeshi Taka (FOREX:USDBDT)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 84.571
The intermediate term trend has been DOWN since Sep 4th, 2019 at 84.402
The short term trend has been UP since Sep 18th, 2019 at 84.525
Smart Scan Analysis for USDBDT
Based on a pre-defined weighted trend formula for chart analysis, USDBDT scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).