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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.

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FOREX_BGNAUD
Open High Low BGNAUD Price Change
0.7954487 0.7959440 0.7945734 0.7953636 -0.0000850
Entry Signal

MarketClub’s Trade Triangles for BGNAUD

long term down The long-term trend has been DOWN since Oct 15th, 2021 at 0.7980851

intermediate term down The intermediate-term trend has been DOWN since Oct 3rd, 2021 at 0.8147276

short term down 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).

-100
Smart Scan Analysis for BGNAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7954487 0.7959440 0.7945734 0.7953636 -0.0000850
Prev. Close Volume Bid Ask Time
0.7954487 2021-10-22 02:03:31
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