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Forex Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

Bulgarian Lev/Australian Dollar (FOREX:BGNAUD)

Weak Uptrend (+65) - BGNAUD is showing signs of weakening momentum to the upside. Monitor 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.

FOREX_BGNAUD
Open High Low BGNAUD Price Change
0.8430610 0.8511607 0.8428620 0.8484236 +0.0053630
Entry Signal

MarketClub’s Trade Triangles for BGNAUD

long term up The long-term trend has been UP since Oct 10th, 2022 at 0.7885380

intermediate term down The intermediate-term trend has been DOWN since Sep 1st, 2023 at 0.8528658

short term up The short-term trend has been UP since Oct 3rd, 2023 at 0.8446730

Smart Scan Analysis for BGNAUD

Based on our trend formula, BGNAUD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for BGNAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8430610 0.8511607 0.8428620 0.8484236 +0.0053630
Prev. Close Volume Bid Ask Time
0.8430610 2023-10-03 12:36:45
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