Forex Trend Analysis Report
Prepared for you on Thursday, June 4, 2020.
US Dollar/Bulgarian Lev (FOREX:USDBGN)
Crossroads (-60) - USDBGN is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for USDBGN
The long-term trend has been UP since Mar 19th, 2020 at 1.8146210
The intermediate-term trend has been DOWN since May 19th, 2020 at 1.7850591
The short-term trend has been DOWN since May 26th, 2020 at 1.7858535
Smart Scan Analysis for USDBGN
Based on our trend formula, USDBGN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).