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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.

FOREX_USDBGN
Open High Low USDBGN Price Change
1.7436000 1.7462067 1.7433703 1.7450200 +0.0014200
Entry Signal

MarketClub’s Trade Triangles for USDBGN

long term up The long-term trend has been UP since Mar 19th, 2020 at 1.8146210

intermediate term down The intermediate-term trend has been DOWN since May 19th, 2020 at 1.7850591

short term down 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).

-60
Smart Scan Analysis for USDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7436000 1.7462067 1.7433703 1.7450200 +0.0014200
Prev. Close Volume Bid Ask Time
1.7436000 1.7349100 1.7551300 2020-06-04 04:31:06
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