Forex Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
Bulgarian Lev/Australian Dollar (FOREX:BGNAUD)
Sidelines Mode (+55) - BGNAUD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Oct 15th, 2021 at 0.7980851
The intermediate-term trend has been UP since Jan 16th, 2022 at 0.8107339
The short-term trend has been DOWN since Jan 26th, 2022 at 0.8057805
Smart Scan Analysis for BGNAUD
Based on our trend formula, BGNAUD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).