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Forex Trend Analysis Report

Prepared for you on Monday, March 27, 2023.

US Dollar/Bulgarian Lev (FOREX:USDBGN)

Strong Downtrend (-100) - USDBGN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDBGN continues to fall. Traders should use caution and set stops.

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
1.8181058 1.8201000 1.8141860 1.8145490 -0.0035570
Entry Signal

MarketClub’s Trade Triangles for USDBGN

long term down The long-term trend has been DOWN since Nov 13th, 2022 at 1.8871000

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 1.8270800

short term down The short-term trend has been DOWN since Mar 20th, 2023 at 1.8303626

Smart Scan Analysis for USDBGN

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

-100
Smart Scan Analysis for USDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8181058 1.8201000 1.8141860 1.8145490 -0.0035570
Prev. Close Volume Bid Ask Time
1.8181058 2023-03-27 09:25:52
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