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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

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.

FOREX_USDBGN
Open High Low USDBGN Price Change
1.8329138 1.8396000 1.8324466 1.8362350 +0.0033210
Entry Signal

MarketClub’s Trade Triangles for USDBGN

long term up The long-term trend has been UP since Apr 12th, 2024 at 1.82840

intermediate term up The intermediate-term trend has been UP since Mar 27th, 2024 at 1.80566

short term up The short-term trend has been UP since Apr 22nd, 2024 at 1.83844

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).

+90
Smart Scan Analysis for USDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8329138 1.8396000 1.8324466 1.8362350 +0.0033210
Prev. Close Volume Bid Ask Time
1.8329138 2024-04-22 14:41:12
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