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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

Bulgarian Lev/US Dollar (FOREX:BGNUSD)

Sidelines Mode (+55) - BGNUSD 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 BGNUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for BGNUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BGNUSD
Open High Low BGNUSD Price Change
0.61558835 0.61576651 0.61558835 0.61576651 +0.00017800
Entry Signal

MarketClub’s Trade Triangles for BGNUSD

long term up The long-term trend has been UP since Jul 14th, 2020 at 0.58233639

intermediate term up The intermediate-term trend has been UP since Feb 22nd, 2021 at 0.62131609

short term down The short-term trend has been DOWN since Feb 26th, 2021 at 0.61997230

Smart Scan Analysis for BGNUSD

Based on our trend formula, BGNUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for BGNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.61558835 0.61576651 0.61558835 0.61576651 +0.00017800
Prev. Close Volume Bid Ask Time
0.61558835 2021-03-01 06:05:54
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