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Forex Trend Analysis Report

Prepared for you on Saturday, August 8, 2020.

Bulgarian Lev/Australian Dollar (FOREX:BGNAUD)

Sidelines Mode (+55) - BGNAUD 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 BGNAUD?

MarketClub looks at technical strength and momentum to determine if the timing is right for BGNAUD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BGNAUD
Open High Low BGNAUD Price Change
0.8394586 0.8428176 0.8374846 0.8415519 +0.0020930
Entry Signal

MarketClub’s Trade Triangles for BGNAUD

long term down The long-term trend has been DOWN since Jun 1st, 2020 at 0.8407962

intermediate term up The intermediate-term trend has been UP since Jul 26th, 2020 at 0.8400444

short term down The short-term trend has been DOWN since Aug 4th, 2020 at 0.8406551

Smart Scan Analysis for BGNAUD

Based on our trend formula, BGNAUD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for BGNAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8394586 0.8428176 0.8374846 0.8415519 +0.0020930
Prev. Close Volume Bid Ask Time
0.8394586 0.8411112 0.8419926 2020-08-07 17:30:46
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