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Forex Trend Analysis Report

Prepared for you on Wednesday, July 6, 2022.

Bulgarian Lev/US Dollar (FOREX:BGNUSD)

Long-Term Downtrend (-90) - BGNUSD is in a strong downtrend that is likely to continue. While BGNUSD is showing intraday strength, it remains in the confines of a bearish trend. 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
0.52491441 0.52491441 0.51995293 0.52071424 -0.00420000
Entry Signal

MarketClub’s Trade Triangles for BGNUSD

long term down The long-term trend has been DOWN since Aug 6th, 2021 at 0.60125379

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 0.54270151

short term down The short-term trend has been DOWN since Jun 29th, 2022 at 0.53778273

Smart Scan Analysis for BGNUSD

Based on our trend formula, BGNUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BGNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.52491441 0.52491441 0.51995293 0.52071424 -0.00420000
Prev. Close Volume Bid Ask Time
0.52491441 2022-07-06 15:24:26
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