Free Euro With Bangladeshi taka (EURBDT(Forex)) Technical Analysis Signals

Overal Signal
Sell
Signals
Sell Hold Sell Sell
Last Update / Period
07 Nov / Daily
Category/Currency
Forex/BDT
Exchange/Country
FX/--

Euro With Bangladeshi taka (EURBDT(Forex)) signal with technical analysis on 07 Nov

On 07 Nov, we conducted a comprehensive technical analysis of Euro With Bangladeshi taka (EURBDT(Forex)), considering 256 signals with intricate details. Here are the key findings: 20 signals suggested buy strategies, while 168 indicated sell strategies. The remaining 68 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 9
Sell Signals: 39
Neutral Signals: 16
Result: This strategy leads to a Sell position.

Strategy 2:
Buy Signals: 5
Sell Signals: 46
Neutral Signals: 13
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 4
Sell Signals: 42
Neutral Signals: 18
Result: This strategy leads to a Sell position.

Strategy 4:
Buy Signals: 2
Sell Signals: 41
Neutral Signals: 21
Result: This strategy leads to a Sell position.

Overall Strategy:
Buy Signals: 20
Sell Signals: 168
Neutral Signals: 68
Result: This strategy leads to a Sell position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Euro With Bangladeshi taka (EURBDT(Forex)) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Euro With Bangladeshi taka (EURBDT(Forex)) on , there is a tendency towards a sell signal based on historical data and analysis. However, it’s crucial to remember that these signals are not guarantees. Make sure to carefully consider overall market conditions and align your decisions with your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
Euro With Bangladeshi taka (EURBDT(Forex)) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is advisable to identify the optimal time to exit your position based on a combination of technical signals. Those with a high risk tolerance may choose to wait and observe market movements over the next few days.
Euro With Bangladeshi taka (EURBDT(Forex)) trading strategy for those in sell positions (short positions): If you are in a sell (short) position, holding your position may be the right strategy, as indicated by the consensus of our technical analysis. However, be cautious and monitor market developments closely.
For new positions: If you are not currently invested or considering switching to a sell (short) position, it’s recommended to assess the potential downside of 9.89% based on the lowest expected price range. Ensure that this aligns with your risk tolerance and objectives by conducting thorough research before entering a short position.

In all trading scenarios, a well-defined stop-loss strategy is critical to managing potential downside risks effectively.

Useful Tip: For long-term forecasting, we recommend using the "Predict-price" website, which offers both short-term and long-term predictions at no cost. This resource can support informed decision-making regarding your **Euro With Bangladeshi taka (EURBDT(Forex))** investments.

Euro With Bangladeshi taka (EURBDT(Forex)) Price Analysis and Support Levels:

In our current Euro With Bangladeshi taka (EURBDT(Forex)) position, we find ourselves in a short position, anticipating a potential downward trend. Understanding the key support levels is essential, as these serve as critical reference points for traders and investors to make informed decisions.

First Support Level: 120.39
We are closely monitoring the price at 120.39, the first support level. If the downward trend continues, breaching this level would signal strong selling pressure, suggesting the possibility of further price depreciation.

Second Support Level: 114.82
If the first support level is broken, the second support level at 114.82 becomes crucial. A break here would indicate stronger downward momentum, likely driven by market sentiment or external factors.

Third Support Level: 113.7
If the second support level is broken and the price continues to decline, this signals a significant market shift. Staying below 113.7 would confirm a persistent downward trend, with traders likely targeting this third level as the next support point.
These support levels should be carefully considered within the context of broader market trends and indicators. By staying alert and consistently analyzing the market, you can make well-informed decisions while trading Euro With Bangladeshi taka (EURBDT(Forex)). Keeping these support levels in mind will help you adapt to the dynamic nature of the market and make smarter trading choices.

Euro With Bangladeshi taka (EURBDT(Forex)) technical analysis chart

Euro With Bangladeshi taka (EURBDT(Forex)) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance -- -- -- -- --
Support 120.39 114.82 113.7 112.7 --
 Euro With Bangladeshi taka (EURBDT(Forex)) Support and Resistance area (07 Nov)

Euro With Bangladeshi taka (EURBDT(Forex)) signals list for 07 Nov

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Euro With Bangladeshi taka (EURBDT(Forex)) technical analysis over the past days

# Date Overal Signals ALL Signals
1 06 Nov Sell SellSellSellSell
2 05 Nov Hold HoldHoldHoldNeutral
3 04 Nov Buy HoldHoldBuyNeutral
4 31 Oct Buy BuyBuyNeutralNeutral
5 30 Oct Hold NeutralNeutralHoldHold
6 29 Oct Hold NeutralHoldHoldHold
7 28 Oct Hold NeutralHoldHoldHold
8 27 Oct Hold NeutralHoldHoldHold
9 25 Oct Hold NeutralHoldHoldHold
10 24 Oct Hold HoldHoldHoldHold
11 23 Oct Hold HoldHoldHoldHold
12 22 Oct Hold HoldHoldHoldHold
13 21 Oct Hold HoldHoldHoldHold
14 20 Oct Hold HoldHoldHoldHold
15 18 Oct Hold HoldHoldHoldHold
16 17 Oct Hold HoldHoldHoldHold
17 16 Oct Hold HoldHoldHoldHold
18 15 Oct Hold HoldHoldHoldHold
19 14 Oct Hold HoldHoldHoldHold
20 13 Oct Hold HoldHoldHoldHold
21 11 Oct Hold HoldHoldHoldHold
22 10 Oct Hold HoldHoldHoldHold
23 09 Oct Hold HoldHoldHoldHold
24 08 Oct Hold HoldHoldHoldHold
25 07 Oct Hold HoldHoldHoldHold
26 06 Oct Hold HoldHoldHoldHold
27 04 Oct Hold HoldHoldHoldHold
28 03 Oct Hold HoldHoldHoldHold
29 02 Oct Sell HoldHoldHoldSell
30 01 Oct Sell SellSellSellNeutral

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