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.
MarketClub’s Trade Triangles for BGNAUD
The long-term trend has been DOWN since Jun 1st, 2020 at 0.8407962
The intermediate-term trend has been UP since Jul 26th, 2020 at 0.8400444
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).