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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Bulgarian Lev (FOREX:USDBGN)
Countertrend Up (+85) - USDBGN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Nov 18th, 2024 at 1.8492000
Smart Scan Analysis for USDBGN
Based on our trend formula, USDBGN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.8445945 | 1.8486000 | 1.8440808 | 1.8454053 | +0.0008110 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.8445945 | 2024-11-20 03:11:56 |