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Forex Trend Analysis Report

Prepared for you on Friday, February 7, 2025.

Bulgarian Lev/US Dollar (FOREX:BGNUSD)

Bull Market Weakness (+75) - BGNUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BGNUSD as it may be in the beginning stages of a reversal.

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
0.53118272 0.53118431 0.52950060 0.53096701 -0.00021600
Entry Signal

MarketClub’s Trade Triangles for BGNUSD

long term down The long-term trend has been DOWN since Nov 6th, 2024 at 0.55044270

intermediate term up The intermediate-term trend has been UP since Jan 22nd, 2025 at 0.53386612

short term up The short-term trend has been UP since Feb 5th, 2025 at 0.53081971

Smart Scan Analysis for BGNUSD

Based on our trend formula, BGNUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for BGNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.53118272 0.53118431 0.52950060 0.53096701 -0.00021600
Prev. Close Volume Bid Ask Time
0.53118272 2025-02-06 21:23:22
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