Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
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 Nov 24th, 2020 at 0.8241204
The intermediate-term trend has been DOWN since Feb 14th, 2021 at 0.7967184
The short-term trend has been UP since Feb 26th, 2021 at 0.7943546
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).