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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Bulgarian Lev/US Dollar (FOREX:BGNUSD)
Countertrend Up (+85) - BGNUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for BGNUSD
The long-term trend has been UP since Jul 17th, 2024 at 0.55798575
The intermediate-term trend has been UP since Jul 7th, 2024 at 0.55443601
The short-term trend has been DOWN since Jul 19th, 2024 at 0.55653459
Smart Scan Analysis for BGNUSD
Based on our trend formula, BGNUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.55520297 | 0.55540466 | 0.55487318 | 0.55516718 | -0.00003600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.55520297 | 2024-07-26 10:37:33 |