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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Bulgarian Lev/US Dollar (FOREX:BGNUSD)
Bear Market Rally (-75) - BGNUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BGNUSD as it may be in the beginning 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.
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MarketClub’s Trade Triangles for BGNUSD
The long-term trend has been DOWN since Nov 6th, 2024 at 0.55044270
The intermediate-term trend has been DOWN since Oct 4th, 2024 at 0.56277733
The short-term trend has been UP since Jan 15th, 2025 at 0.52716149
Smart Scan Analysis for BGNUSD
Based on our trend formula, BGNUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.5279145 | 0.5279145 | 0.5279145 | 0.5279145 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.5279145 | 2025-01-20 07:13:56 |