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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

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
1.1843567 1.1912606 1.1827031 1.1873437 +0.0029870
Entry Signal

MarketClub’s Trade Triangles for AUDBGN

long term up The long-term trend has been UP since Jun 1st, 2020 at 1.1894472

intermediate term down The intermediate-term trend has been DOWN since Jul 26th, 2020 at 1.1904134

short term up The short-term trend has been UP since Aug 4th, 2020 at 1.1896148

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
1.1843567 1.1912606 1.1827031 1.1873437 +0.0029870
Prev. Close Volume Bid Ask Time
1.1843567 1.1873354 1.1873520 2020-08-04 21:36:47
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