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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.

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FOREX_BGNAUD
Open High Low BGNAUD Price Change
0.7403194 0.7425939 0.7379369 0.7396946 -0.0006250
Entry Signal

MarketClub’s Trade Triangles for BGNAUD

long term down The long-term trend has been DOWN since Aug 11th, 2022 at 0.7416896

intermediate term down The intermediate-term trend has been DOWN since Jul 7th, 2022 at 0.7594364

short term down 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).

-100
Smart Scan Analysis for BGNAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7403194 0.7425939 0.7379369 0.7396946 -0.0006250
Prev. Close Volume Bid Ask Time
0.7403194 2022-08-16 05:28:39
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