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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.

FOREX_BGNUSD
Open High Low BGNUSD Price Change
0.62087890 0.62210128 0.62087890 0.62159000 +0.00071100
Entry Signal

MarketClub’s Trade Triangles for BGNUSD

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 0.61110504

intermediate term up The intermediate-term trend has been UP since Apr 13th, 2021 at 0.61074116

short term up 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).

+60
Smart Scan Analysis for BGNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.62087890 0.62210128 0.62087890 0.62159000 +0.00071100
Prev. Close Volume Bid Ask Time
0.62087890 2021-05-11 13:32:21
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