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.
MarketClub’s Trade Triangles for USDBGN
The long-term trend has been DOWN since Nov 13th, 2022 at 1.8871000
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 1.8270800
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).