Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
Australian Dollar/Bulgarian Lev (FOREX:AUDBGN)
Crossroads (+60) - AUDBGN is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for AUDBGN
The long-term trend has been UP since Nov 24th, 2020 at 1.2134150
The intermediate-term trend has been DOWN since Apr 7th, 2021 at 1.2528836
The short-term trend has been DOWN since Apr 19th, 2021 at 1.2586934
Smart Scan Analysis for AUDBGN
Based on our trend formula, AUDBGN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).