Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Australian Dollar/Bulgarian Lev (FOREX:AUDBGN)

Strong Uptrend (+100) - AUDBGN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, AUDBGN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
1.2048319 1.2067334 1.2048319 1.2067334 +0.0019020
Entry Signal

MarketClub’s Trade Triangles for AUDBGN

long term up The long-term trend has been UP since May 3rd, 2024 at 1.2025583

intermediate term up The intermediate-term trend has been UP since Jun 12th, 2024 at 1.2068510

short term up The short-term trend has been UP since Jun 10th, 2024 at 1.1994635

Smart Scan Analysis for AUDBGN

Based on our trend formula, AUDBGN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for AUDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2048319 1.2067334 1.2048319 1.2067334 +0.0019020
Prev. Close Volume Bid Ask Time
1.2048319 2024-06-15 17:06:47
Get a free daily analysis and signals for Australian Dollar/Bulgarian Lev (AUDBGN) - Request Your Free Report.