Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
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.
MarketClub’s Trade Triangles for AUDBGN
The long-term trend has been UP since Dec 1st, 2023 at 1.1990979
The intermediate-term trend has been UP since Nov 30th, 2023 at 1.1889583
The short-term trend has been UP since Nov 22nd, 2023 at 1.1768902
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).