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Forex Trend Analysis Report

Prepared for you on Tuesday, October 8, 2024.

Bulgarian Lev/US Dollar (FOREX:BGNUSD)

Weak Downtrend (-65) - BGNUSD is showing signs of a strengthening downtrend. Monitor BGNUSD as it may be building momentum to the downside.

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
0.56164033 0.56164033 0.56161672 0.56161672 -0.00002400
Entry Signal

MarketClub’s Trade Triangles for BGNUSD

long term up The long-term trend has been UP since Jul 17th, 2024 at 0.55798575

intermediate term down The intermediate-term trend has been DOWN since Oct 4th, 2024 at 0.56277733

short term down The short-term trend has been DOWN since Sep 30th, 2024 at 0.56885999

Smart Scan Analysis for BGNUSD

Based on our trend formula, BGNUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for BGNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.56164033 0.56164033 0.56161672 0.56161672 -0.00002400
Prev. Close Volume Bid Ask Time
0.56164033 2024-10-08 00:53:35
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