Forex Trend Analysis Report
Prepared for you on Friday, March 29, 2024.
Australian Dollar/Bulgarian Lev (FOREX:AUDBGN)
Sidelines Mode (-55) - AUDBGN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for AUDBGN
The long-term trend has been DOWN since Mar 5th, 2024 at 1.1704786
The intermediate-term trend has been UP since Mar 7th, 2024 at 1.1895104
The short-term trend has been DOWN since Mar 28th, 2024 at 1.1739600
Smart Scan Analysis for AUDBGN
Based on our trend formula, AUDBGN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
1.1819078 | 1.1827427 | 1.1811913 | 1.1813729 | -0.0005350 |
Prev. Close | Volume | Bid | Ask | Time |
1.1819078 | 2024-03-29 02:07:25 |