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Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
US Dollar/Bulgarian Lev (FOREX:USDBGN)
Long-Term Uptrend (+90) - USDBGN is in a strong uptrend that is likely to continue. While USDBGN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Sep 14th, 2023 at 1.8339241
The intermediate-term trend has been UP since Aug 1st, 2023 at 1.7848400
The short-term trend has been UP since Oct 2nd, 2023 at 1.8627000
Smart Scan Analysis for USDBGN
Based on our trend formula, USDBGN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.8683849 | 1.8699550 | 1.8645000 | 1.8685550 | +0.0001700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.8683849 | 2023-10-03 22:52:43 |