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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Australian Dollar/Bulgarian Lev (FOREX:AUDBGN)
Bull Market Weakness (+75) - AUDBGN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDBGN as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for AUDBGN
The long-term trend has been UP since Oct 1st, 2024 at 1.2215259
The intermediate-term trend has been DOWN since Oct 25th, 2024 at 1.1960455
The short-term trend has been UP since Nov 18th, 2024 at 1.2039045
Smart Scan Analysis for AUDBGN
Based on our trend formula, AUDBGN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.2056767 | 1.2067682 | 1.2042132 | 1.2059119 | +0.0002350 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.2056767 | 2024-11-20 03:30:19 |