Forex Trend Analysis Report
Prepared for you on Monday, March 18, 2024.
US Dollar/Bulgarian Lev (FOREX:USDBGN)
Weak Downtrend (-65) - USDBGN is showing signs of a strengthening downtrend. Monitor USDBGN as it may be building momentum to the downside.
Is it time to buy, sell, or avoid USDBGN?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBGN.
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 USDBGN
The long-term trend has been DOWN since Dec 22nd, 2023 at 1.7760000
The intermediate-term trend has been DOWN since Feb 26th, 2024 at 1.7990000
The short-term trend has been UP since Mar 14th, 2024 at 1.7927001
Smart Scan Analysis for USDBGN
Based on our trend formula, USDBGN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
1.7958047 | 1.7995620 | 1.7930400 | 1.7986950 | +0.0028900 |
Prev. Close | Volume | Bid | Ask | Time |
1.7958047 | 2024-03-18 21:04:15 |