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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.
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MarketClub’s Trade Triangles for USDBGN
The long-term trend has been DOWN since Jul 14th, 2024 at 1.79192
The intermediate-term trend has been UP since Sep 10th, 2024 at 1.77380
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).
| 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 |