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.
MarketClub’s Trade Triangles for AUDBGN
The long-term trend has been UP since Jun 1st, 2020 at 1.1894472
The intermediate-term trend has been DOWN since Jul 26th, 2020 at 1.1904134
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).