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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.

FOREX_AUDBGN
Open High Low AUDBGN Price Change
1.1819078 1.1827427 1.1811913 1.1813729 -0.0005350
Entry Signal

MarketClub’s Trade Triangles for AUDBGN

long term down The long-term trend has been DOWN since Mar 5th, 2024 at 1.1704786

intermediate term up The intermediate-term trend has been UP since Mar 7th, 2024 at 1.1895104

short term down 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).

-55
Smart Scan Analysis for AUDBGN
Strong Downtrend Sideways 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
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