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Forex Trend Analysis Report
Prepared for you on Friday, October 4, 2024.
Australian Dollar/Bulgarian Lev (FOREX:AUDBGN)
Long-Term Uptrend (+90) - AUDBGN is in a strong uptrend that is likely to continue. While AUDBGN 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 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.
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MarketClub’s Trade Triangles for AUDBGN
The long-term trend has been UP since Oct 1st, 2024 at 1.2215259
The intermediate-term trend has been UP since Sep 23rd, 2024 at 1.2015828
The short-term trend has been UP since Sep 11th, 2024 at 1.1830758
Smart Scan Analysis for AUDBGN
Based on our trend formula, AUDBGN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.2146903 | 1.2149563 | 1.2121317 | 1.2133358 | -0.0013540 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.2146903 | 2024-10-04 05:29:38 |