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Forex Trend Analysis Report

Prepared for you on Wednesday, May 27, 2020.

US Dollar/Bangladeshi Taka (FOREX:USDBDT)

Countertrend Down (-85) - USDBDT is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid USDBDT?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDBDT.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDBDT
Open High Low USDBDT Price Change
85.15172 85.15172 85.15172 85.15172 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDBDT

long term down The long-term trend has been DOWN since Mar 29th, 2020 at 84.52373

intermediate term down The intermediate-term trend has been DOWN since May 18th, 2020 at 84.83063

short term up The short-term trend has been UP since May 19th, 2020 at 84.94622

Smart Scan Analysis for USDBDT

Based on our trend formula, USDBDT is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for USDBDT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
85.15172 85.15172 85.15172 85.15172 0.00000
Prev. Close Volume Bid Ask Time
85.15172 83.50881 86.79463 2020-05-26 07:14:37
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