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.
MarketClub’s Trade Triangles for BGNUSD
The long-term trend has been DOWN since Mar 19th, 2020 at 0.55149336
The intermediate-term trend has been DOWN since Mar 19th, 2020 at 0.55295261
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).