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Forex Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

Bulgarian Lev/Australian Dollar (FOREX:BGNAUD)

Crossroads (+60) - BGNAUD is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_BGNAUD
Open High Low BGNAUD Price Change
0.8396607 0.8445470 0.8388903 0.8444157 +0.0047550
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 Mar 7th, 2024 at 0.8406821

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 0.8368848

Smart Scan Analysis for BGNAUD

Based on our trend formula, BGNAUD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for BGNAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8396607 0.8445470 0.8388903 0.8444157 +0.0047550
Prev. Close Volume Bid Ask Time
0.8396607 2024-04-15 20:28:56
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