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Forex Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

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, SHORTSYMBOL 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
0.55348479 0.55348479 0.55144215 0.55178251 -0.00170200
Entry Signal

MarketClub’s Trade Triangles for BGNUSD

long term down The long-term trend has been DOWN since Mar 19th, 2020 at 0.55149336

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2020 at 0.55295261

short term down The short-term trend has been DOWN since Mar 31st, 2020 at 0.56218549

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
0.55348479 0.55348479 0.55144215 0.55178251 -0.00170200
Prev. Close Volume Bid Ask Time
0.55348479 0.54966634 0.55389867 2020-04-06 18:45:39
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