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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.

FOREX_BGNUSD
Open High Low BGNUSD Price Change
0.60490153 0.60515945 0.60179575 0.60267260 -0.00222900
Entry Signal

MarketClub’s Trade Triangles for BGNUSD

long term up The long-term trend has been UP since Jul 14th, 2020 at 0.58233639

intermediate term up The intermediate-term trend has been UP since May 19th, 2020 at 0.56021378

short term down 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).

+75
Smart Scan Analysis for BGNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.60490153 0.60515945 0.60179575 0.60267260 -0.00222900
Prev. Close Volume Bid Ask Time
0.60490153 0.60036162 0.60498358 2020-08-07 16:35:55
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