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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

US Dollar/Bulgarian Lev (FOREX:USDBGN)

Bull Market Weakness (+75) - USDBGN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDBGN as it may be in the beginning stages of a reversal.

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
1.6867100 1.6899750 1.6808824 1.6843073 -0.0024030
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 Sep 19th, 2021 at 1.6651174

short term down The short-term trend has been DOWN since Oct 13th, 2021 at 1.6877900

Smart Scan Analysis for USDBGN

Based on our trend formula, USDBGN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for USDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6867100 1.6899750 1.6808824 1.6843073 -0.0024030
Prev. Close Volume Bid Ask Time
1.6867100 2021-10-18 22:13:19
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