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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.

FOREX_BGNUSD
Open High Low BGNUSD Price Change
0.60968070 0.61170242 0.60958099 0.61168393 +0.00200300
Entry Signal

MarketClub’s Trade Triangles for BGNUSD

long term up The long-term trend has been UP since Jul 14th, 2020 at 0.58233639

intermediate term up The intermediate-term trend has been UP since Nov 6th, 2020 at 0.60711161

short term up 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).

+100
Smart Scan Analysis for BGNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.60968070 0.61170242 0.60958099 0.61168393 +0.00200300
Prev. Close Volume Bid Ask Time
0.60968070 2020-11-27 17:18:54
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