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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 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 DOWN since Apr 18th, 2024 at 1.1723447
The short-term trend has been UP since Apr 21st, 2024 at 1.1838287
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 |
|---|---|---|---|---|
| 1.1879632 | 1.1908645 | 1.1876027 | 1.1906160 | +0.0026530 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.1879632 | 2024-04-25 04:40:03 |