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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
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.
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MarketClub’s Trade Triangles for BGNUSD
The long-term trend has been DOWN since Apr 12th, 2024 at 0.54702476
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 0.55442323
The short-term trend has been UP since Apr 18th, 2024 at 0.54579257
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.54590229 | 0.54651348 | 0.54414339 | 0.54414339 | -0.00175900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.54590229 | 2024-04-18 16:49:40 |