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Forex Trend Analysis Report

Prepared for you on Saturday, July 2, 2022.

Australian Dollar/Bulgarian Lev (FOREX:AUDBGN)

Long-Term Downtrend (-90) - AUDBGN is in a strong downtrend that is likely to continue. While AUDBGN is showing intraday strength, it remains in the confines of a bearish trend. 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.

FOREX_AUDBGN
Open High Low AUDBGN Price Change
1.2764283 1.2839471 1.2687542 1.2829235 +0.0064950
Entry Signal

MarketClub’s Trade Triangles for AUDBGN

long term down The long-term trend has been DOWN since Jul 1st, 2022 at 1.2744794

intermediate term down The intermediate-term trend has been DOWN since Jun 14th, 2022 at 1.2877814

short term down The short-term trend has been DOWN since Jul 1st, 2022 at 1.2758202

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).

-90
Smart Scan Analysis for AUDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2764283 1.2839471 1.2687542 1.2829235 +0.0064950
Prev. Close Volume Bid Ask Time
1.2764283 2022-07-01 17:22:22
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