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Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2024.
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.
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MarketClub’s Trade Triangles for BGNAUD
The long-term trend has been UP since Aug 2nd, 2024 at 0.8541968
The intermediate-term trend has been UP since Sep 8th, 2024 at 0.8509697
The short-term trend has been DOWN since Sep 11th, 2024 at 0.8451912
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.8368829 | 0.8382597 | 0.8359268 | 0.8362268 | -0.0006560 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.8368829 | 2024-09-20 02:30:18 |