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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.

FOREX_AUDBGN
Open High Low AUDBGN Price Change
1.2578174 1.2593819 1.2556398 1.2592771 +0.0014600
Entry Signal

MarketClub’s Trade Triangles for AUDBGN

long term up The long-term trend has been UP since Nov 24th, 2020 at 1.2134150

intermediate term down The intermediate-term trend has been DOWN since Apr 7th, 2021 at 1.2528836

short term down 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).

+60
Smart Scan Analysis for AUDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2578174 1.2593819 1.2556398 1.2592771 +0.0014600
Prev. Close Volume Bid Ask Time
1.2578174 2021-05-12 03:42:06
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