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.
MarketClub’s Trade Triangles for USDBDT
The long-term trend has been DOWN since Mar 29th, 2020 at 84.52373
The intermediate-term trend has been DOWN since May 18th, 2020 at 84.83063
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).