Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
Bulgarian Lev/Australian Dollar (FOREX:BGNAUD)
Strong Uptrend (+100) - BGNAUD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BGNAUD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for BGNAUD
The long-term trend has been UP since Oct 10th, 2022 at 0.7885380
The intermediate-term trend has been UP since Feb 26th, 2023 at 0.8040971
The short-term trend has been UP since Mar 19th, 2023 at 0.8232873
Smart Scan Analysis for BGNAUD
Based on our trend formula, BGNAUD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).