Forex Trend Analysis Report
Prepared for you on Sunday, March 7, 2021.
US Dollar/Bulgarian Lev (FOREX:USDBGN)
Long-Term Uptrend (+90) - USDBGN is in a strong uptrend that is likely to continue. While USDBGN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid USDBGN?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBGN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDBGN
The long-term trend has been UP since Mar 5th, 2021 at 1.6364039
The intermediate-term trend has been UP since Mar 2nd, 2021 at 1.6281407
The short-term trend has been UP since Feb 26th, 2021 at 1.6130000
Smart Scan Analysis for USDBGN
Based on our trend formula, USDBGN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).