Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
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 Jan 30th, 2020 at 0.8401840
The intermediate-term trend has been UP since Feb 26th, 2020 at 0.8486797
The short-term trend has been DOWN since Mar 25th, 2020 at 0.9221778
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).