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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Bulgarian Lev/Australian Dollar (FOREX:BGNAUD)
Bull Market Weakness (+75) - BGNAUD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BGNAUD as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for BGNAUD
The long-term trend has been DOWN since May 3rd, 2024 at 0.8317373
The intermediate-term trend has been UP since Jul 16th, 2024 at 0.8273251
The short-term trend has been UP since Jul 12th, 2024 at 0.8228187
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.8473332 | 0.8487123 | 0.8441903 | 0.8481938 | +0.0008610 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.8473332 | 2024-07-26 17:02:26 |