Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Bulgarian Lev/Australian Dollar (FOREX:BGNAUD)
Strong Downtrend (-100) - BGNAUD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BGNAUD continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for BGNAUD
The long-term trend has been DOWN since Aug 11th, 2022 at 0.7416896
The intermediate-term trend has been DOWN since Jul 7th, 2022 at 0.7594364
The short-term trend has been DOWN since Aug 10th, 2022 at 0.7445643
Smart Scan Analysis for BGNAUD
Based on our trend formula, BGNAUD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).