Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
Bulgarian Lev/US Dollar (FOREX:BGNUSD)
Strong Uptrend (+100) - BGNUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BGNUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for BGNUSD
The long-term trend has been UP since Jul 14th, 2020 at 0.58233639
The intermediate-term trend has been UP since Nov 6th, 2020 at 0.60711161
The short-term trend has been UP since Nov 24th, 2020 at 0.60868571
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).