Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Bulgarian Lev/Australian Dollar (FOREX:BGNAUD)
Strong Downtrend (-100) - BGNAUD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Oct 15th, 2021 at 0.7980851
The intermediate-term trend has been DOWN since Oct 3rd, 2021 at 0.8147276
The short-term trend has been DOWN since Oct 19th, 2021 at 0.7971319
Smart Scan Analysis for BGNAUD
Based on our trend formula, BGNAUD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).