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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

Bulgarian Lev/US Dollar (FOREX:BGNUSD)

Countertrend Down (-85) - BGNUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_BGNUSD
Open High Low BGNUSD Price Change
0.59359926 0.59363250 0.59278150 0.59285965 -0.00074000
Entry Signal

MarketClub’s Trade Triangles for BGNUSD

long term down The long-term trend has been DOWN since Aug 6th, 2021 at 0.60125379

intermediate term down The intermediate-term trend has been DOWN since Sep 19th, 2021 at 0.60059994

short term up The short-term trend has been UP since Oct 13th, 2021 at 0.59212742

Smart Scan Analysis for BGNUSD

Based on our trend formula, BGNUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for BGNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.59359926 0.59363250 0.59278150 0.59285965 -0.00074000
Prev. Close Volume Bid Ask Time
0.59359926 2021-10-15 17:19:13
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