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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Bulgarian Lev/Australian Dollar (FOREX:BGNAUD)
Bear Market Rally (-75) - BGNAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BGNAUD as it may be in the beginning 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 Oct 1st, 2024 at 0.8186196
The intermediate-term trend has been UP since Oct 25th, 2024 at 0.8360887
The short-term trend has been DOWN since Nov 18th, 2024 at 0.8306307
Smart Scan Analysis for BGNAUD
Based on our trend formula, BGNAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.8293971 | 0.8304178 | 0.8286595 | 0.8292988 | -0.0000980 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.8293971 | 2024-11-20 03:46:14 |