Forex Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
Bulgarian Lev/US Dollar (FOREX:BGNUSD)
Bull Market Weakness (+75) - BGNUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BGNUSD as it may be in the beginning stages of a reversal.
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 UP since Jul 14th, 2020 at 0.58233639
The intermediate-term trend has been UP since May 19th, 2020 at 0.56021378
The short-term trend has been DOWN since Aug 4th, 2020 at 0.60061220
Smart Scan Analysis for BGNUSD
Based on our trend formula, BGNUSD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).