Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, April 12, 2024.

Bulgarian Lev/US Dollar (FOREX:BGNUSD)

Strong Downtrend (-100) - BGNUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BGNUSD continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid BGNUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for BGNUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BGNUSD
Open High Low BGNUSD Price Change
0.54792717 0.54792717 0.54460613 0.54467627 -0.00325100
Entry Signal

MarketClub’s Trade Triangles for BGNUSD

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 0.54702476

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 0.55442323

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 0.55359613

Smart Scan Analysis for BGNUSD

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

-100
Smart Scan Analysis for BGNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.54792717 0.54792717 0.54460613 0.54467627 -0.00325100
Prev. Close Volume Bid Ask Time
0.54792717 2024-04-12 07:26:21
Get a free daily analysis and signals for Bulgarian Lev/US Dollar (BGNUSD) - Request Your Free Report.