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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
US Dollar/Bulgarian Lev (FOREX:USDBGN)
Sidelines Mode (+55) - USDBGN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDBGN?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBGN.
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 USDBGN
The long-term trend has been UP since Nov 5th, 2024 at 1.8166651
The intermediate-term trend has been UP since Oct 4th, 2024 at 1.7781450
The short-term trend has been DOWN since Jan 15th, 2025 at 1.8973337
Smart Scan Analysis for USDBGN
Based on our trend formula, USDBGN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.9042300 | 1.9045000 | 1.8813000 | 1.8891733 | -0.0150570 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.9042300 | 2025-01-20 09:38:44 |