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Forex Trend Analysis Report

Prepared for you on Friday, September 20, 2024.

US Dollar/Bulgarian Lev (FOREX:USDBGN)

Bear Market Rally (-75) - USDBGN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDBGN as it may be in the beginning of a reversal.

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.

FOREX_USDBGN
Open High Low USDBGN Price Change
1.7609448 1.7609448 1.7609448 1.7609448 0.0000000
Entry Signal

MarketClub’s Trade Triangles for USDBGN

long term down The long-term trend has been DOWN since Jul 14th, 2024 at 1.79192

intermediate term up The intermediate-term trend has been UP since Sep 10th, 2024 at 1.77380

short term down The short-term trend has been DOWN since Sep 12th, 2024 at 1.76427

Smart Scan Analysis for USDBGN

Based on our trend formula, USDBGN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for USDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7609448 1.7609448 1.7609448 1.7609448 0.0000000
Prev. Close Volume Bid Ask Time
1.7609448 2024-09-20 02:51:00
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