Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
Australian Dollar/Bulgarian Lev (FOREX:AUDBGN)
Bear Market Rally (-75) - AUDBGN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AUDBGN as it may be in the beginning 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.
MarketClub’s Trade Triangles for AUDBGN
The long-term trend has been DOWN since Oct 10th, 2022 at 1.2680325
The intermediate-term trend has been DOWN since Feb 26th, 2023 at 1.2436312
The short-term trend has been UP since Mar 27th, 2023 at 1.2114832
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).