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Forex Trend Analysis Report

Prepared for you on Friday, April 26, 2024.

Bulgarian Lev/Australian Dollar (FOREX:BGNAUD)

Weak Downtrend (-65) - BGNAUD is showing signs of a strengthening downtrend. Monitor BGNAUD as it may be building momentum to the downside.

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.

FOREX_BGNAUD
Open High Low BGNAUD Price Change
0.8401732 0.8406925 0.8359952 0.8364703 -0.0037030
Entry Signal

MarketClub’s Trade Triangles for BGNAUD

long term up The long-term trend has been UP since Mar 5th, 2024 at 0.8542659

intermediate term down The intermediate-term trend has been DOWN since Apr 26th, 2024 at 0.8367322

short term down The short-term trend has been DOWN since Apr 21st, 2024 at 0.8447169

Smart Scan Analysis for BGNAUD

Based on our trend formula, BGNAUD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for BGNAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8401732 0.8406925 0.8359952 0.8364703 -0.0037030
Prev. Close Volume Bid Ask Time
0.8401732 2024-04-26 17:05:20
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