Forex Trend Analysis Report
Prepared for you on Tuesday, January 25, 2022.
Bulgarian Lev/US Dollar (FOREX:BGNUSD)
Long-Term Downtrend (-90) - BGNUSD is in a strong downtrend that is likely to continue. While BGNUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for BGNUSD
The long-term trend has been DOWN since Aug 6th, 2021 at 0.60125379
The intermediate-term trend has been DOWN since Jan 25th, 2022 at 0.57650523
The short-term trend has been DOWN since Jan 18th, 2022 at 0.58285790
Smart Scan Analysis for BGNUSD
Based on our trend formula, BGNUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).