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Forex Trend Analysis Report

Prepared for you on Sunday, April 18, 2021.

Bulgarian Lev/Australian Dollar (FOREX:BGNAUD)

Bear Market Rally (-75) - BGNAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BGNAUD as it may be in the beginning of a reversal.

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.

FOREX_BGNAUD
Open High Low BGNAUD Price Change
0.7921345 0.7921345 0.7919320 0.7919320 -0.0002020
Entry Signal

MarketClub’s Trade Triangles for BGNAUD

long term down The long-term trend has been DOWN since Nov 24th, 2020 at 0.8241204

intermediate term up The intermediate-term trend has been UP since Apr 7th, 2021 at 0.7982851

short term down The short-term trend has been DOWN since Apr 14th, 2021 at 0.7967679

Smart Scan Analysis for BGNAUD

Based on our trend formula, BGNAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for BGNAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7921345 0.7921345 0.7919320 0.7919320 -0.0002020
Prev. Close Volume Bid Ask Time
0.7921345 2021-04-18 02:28:10
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