Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Australian Dollar/Bulgarian Lev (FOREX:AUDBGN)
Long-Term Uptrend (+90) - AUDBGN is in a strong uptrend that is likely to continue. While AUDBGN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for AUDBGN
The long-term trend has been UP since Oct 15th, 2021 at 1.2529992
The intermediate-term trend has been UP since Oct 3rd, 2021 at 1.2274042
The short-term trend has been UP since Oct 19th, 2021 at 1.2545228
Smart Scan Analysis for AUDBGN
Based on our trend formula, AUDBGN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).