Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
Bulgarian Lev/Australian Dollar (FOREX:BGNAUD)
Weak Uptrend (+65) - BGNAUD is showing signs of weakening momentum to the upside. Monitor BGNAUD as it may be in the beginning stages of a reversal.
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 UP since Oct 10th, 2022 at 0.7885380
The intermediate-term trend has been DOWN since Sep 1st, 2023 at 0.8528658
The short-term trend has been UP since Oct 3rd, 2023 at 0.8446730
Smart Scan Analysis for BGNAUD
Based on our trend formula, BGNAUD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).