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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.

FOREX_USDBDT
Open High Low USDBDT Price Change
84.4775 84.4775 84.4775 84.4775 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDBDT

long term up The long term trend has been UP since Apr 5th, 2019 at 84.5710

intermediate term down The intermediate term trend has been DOWN since Jun 23rd, 2019 at 84.0320

short term down 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).

-70
Smart Scan Analysis for USDBDT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
84.4775 84.4775 84.4775 84.4775 0.0000
Prev. Close Volume Bid Ask Time
84.4775 82.8760 86.0790 2019-07-19 08:39:11
Want to analyze US Dollar/Bangladeshi Taka USDBDT or another symbol? Try our Free Forex Trend Analysis Report.