Forex Trend Analysis Report
Prepared for you on Thursday, November 26, 2020.
US Dollar/Bulgarian Lev (FOREX:USDBGN)
Long-Term Downtrend (-90) - USDBGN is in a strong downtrend that is likely to continue. While USDBGN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Jul 14th, 2020 at 1.7149600
The intermediate-term trend has been DOWN since Nov 6th, 2020 at 1.6465000
The short-term trend has been DOWN since Nov 15th, 2020 at 1.6522853
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).