Forex Trend Analysis Report
Prepared for you on Tuesday, May 11, 2021.
Bulgarian Lev/US Dollar (FOREX:BGNUSD)
Crossroads (+60) - BGNUSD is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for BGNUSD
The long-term trend has been DOWN since Mar 5th, 2021 at 0.61110504
The intermediate-term trend has been UP since Apr 13th, 2021 at 0.61074116
The short-term trend has been UP since Apr 6th, 2021 at 0.60221244
Smart Scan Analysis for BGNUSD
Based on our trend formula, BGNUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).