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Forex Trend Analysis Report

Prepared for you on Thursday, September 28, 2023.

Australian Dollar/Bulgarian Lev (FOREX:AUDBGN)

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

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
1.1868495 1.1910441 1.1836275 1.1903581 +0.0035090
Entry Signal

MarketClub’s Trade Triangles for AUDBGN

long term down The long-term trend has been DOWN since Oct 10th, 2022 at 1.2680325

intermediate term up The intermediate-term trend has been UP since Sep 1st, 2023 at 1.1725175

short term up The short-term trend has been UP since Sep 25th, 2023 at 1.1873180

Smart Scan Analysis for AUDBGN

Based on our trend formula, AUDBGN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for AUDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1868495 1.1910441 1.1836275 1.1903581 +0.0035090
Prev. Close Volume Bid Ask Time
1.1868495 2023-09-28 18:10:43
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