Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
US Dollar/Bulgarian Lev (FOREX:USDBGN)
Strong Uptrend (+100) - USDBGN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDBGN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for USDBGN
The long-term trend has been UP since Aug 6th, 2021 at 1.6647052
The intermediate-term trend has been UP since Jun 13th, 2022 at 1.8599098
The short-term trend has been UP since Jun 28th, 2022 at 1.8590904
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).