Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
US Dollar/Bulgarian Lev (FOREX:USDBGN)
Weak Downtrend (-65) - USDBGN is showing signs of a strengthening downtrend. Monitor USDBGN as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for USDBGN
The long-term trend has been DOWN since Jul 14th, 2020 at 1.71496
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 1.60760
The short-term trend has been UP since Feb 26th, 2021 at 1.61300
Smart Scan Analysis for USDBGN
Based on our trend formula, USDBGN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).