Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Australian Dollar/Bulgarian Lev (FOREX:AUDBGN)
Countertrend Up (+85) - AUDBGN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid AUDBGN?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDBGN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for AUDBGN
The long-term trend has been UP since May 3rd, 2024 at 1.2025583
The intermediate-term trend has been UP since Apr 26th, 2024 at 1.1951256
The short-term trend has been DOWN since May 7th, 2024 at 1.1964891
Smart Scan Analysis for AUDBGN
Based on our trend formula, AUDBGN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.1981776 | 1.2029207 | 1.1951919 | 1.2000491 | +0.0018720 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.1981776 | 2024-05-09 12:25:38 |