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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.

FOREX_USDBGN
Open High Low USDBGN Price Change
1.8747593 1.9095000 1.8728000 1.9095000 +0.0347410
Entry Signal

MarketClub’s Trade Triangles for USDBGN

long term up The long-term trend has been UP since Aug 6th, 2021 at 1.6647052

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2022 at 1.8599098

short term up 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).

+100
Smart Scan Analysis for USDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8747593 1.9095000 1.8728000 1.9095000 +0.0347410
Prev. Close Volume Bid Ask Time
1.8747593 2022-07-05 11:33:21
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