Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
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 Nov 11th, 2022 at 0.52961924
The intermediate-term trend has been UP since Mar 21st, 2023 at 0.55015125
The short-term trend has been UP since Mar 21st, 2023 at 0.54845619
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).