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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Bulgarian Lev/Australian Dollar (FOREX:BGNAUD)
Bear Market Rally (-75) - BGNAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BGNAUD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid BGNAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BGNAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for BGNAUD
The long-term trend has been DOWN since May 3rd, 2024 at 0.8317373
The intermediate-term trend has been DOWN since Apr 26th, 2024 at 0.8367322
The short-term trend has been UP since May 7th, 2024 at 0.8355322
Smart Scan Analysis for BGNAUD
Based on our trend formula, BGNAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.8345438 | 0.8366858 | 0.8313100 | 0.8337376 | -0.0008060 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.8345438 | 2024-05-09 11:16:16 |