Forex Trend Analysis Report
Prepared for you on Friday, July 30, 2021.
Australian Dollar/Bulgarian Lev (FOREX:AUDBGN)
Strong Downtrend (-100) - AUDBGN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid AUDBGN?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDBGN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDBGN
The long-term trend has been DOWN since Jul 8th, 2021 at 1.2271302
The intermediate-term trend has been DOWN since Jul 8th, 2021 at 1.2309363
The short-term trend has been DOWN since Jul 26th, 2021 at 1.2190726
Smart Scan Analysis for AUDBGN
Based on our trend formula, AUDBGN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).