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.
MarketClub’s Trade Triangles for AUDBGN
The long-term trend has been DOWN since Jul 1st, 2022 at 1.2744794
The intermediate-term trend has been DOWN since Jun 14th, 2022 at 1.2877814
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).