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Forex Trend Analysis Report
Prepared for you on Sunday, September 15, 2024.
Bulgarian Lev/Australian Dollar (FOREX:BGNAUD)
Countertrend Up (+85) - BGNAUD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid BGNAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BGNAUD.
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 BGNAUD
The long-term trend has been UP since Aug 2nd, 2024 at 0.8541968
The intermediate-term trend has been UP since Sep 8th, 2024 at 0.8509697
The short-term trend has been DOWN since Sep 11th, 2024 at 0.8451912
Smart Scan Analysis for BGNAUD
Based on our trend formula, BGNAUD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.8454938 | 0.8454938 | 0.8454938 | 0.8454938 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.8454938 | 2024-09-14 08:06:23 |