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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.

FOREX_USDBGN
Open High Low USDBGN Price Change
1.6138100 1.6244861 1.6138100 1.6216610 +0.0078510
Entry Signal

MarketClub’s Trade Triangles for USDBGN

long term down The long-term trend has been DOWN since Jul 14th, 2020 at 1.71496

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 1.60760

short term up 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).

-65
Smart Scan Analysis for USDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6138100 1.6244861 1.6138100 1.6216610 +0.0078510
Prev. Close Volume Bid Ask Time
1.6138100 2021-03-01 11:22:50
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