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Forex Trend Analysis Report

Prepared for you on Saturday, January 28, 2023.

Bulgarian Lev/US Dollar (FOREX:BGNUSD)

Strong Uptrend (+100) - BGNUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BGNUSD 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 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
0.55575715 0.55698743 0.55534614 0.55568331 -0.00007400
Entry Signal

MarketClub’s Trade Triangles for BGNUSD

long term up The long-term trend has been UP since Nov 11th, 2022 at 0.52961924

intermediate term up The intermediate-term trend has been UP since Jan 9th, 2023 at 0.54749643

short term up The short-term trend has been UP since Jan 9th, 2023 at 0.54514886

Smart Scan Analysis for BGNUSD

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

+100
Smart Scan Analysis for BGNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.55575715 0.55698743 0.55534614 0.55568331 -0.00007400
Prev. Close Volume Bid Ask Time
0.55594150 2023-01-27 17:03:13
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