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Forex Trend Analysis Report

Prepared for you on Wednesday, December 7, 2022.

US Dollar/Bulgarian Lev (FOREX:USDBGN)

Countertrend Down (-85) - USDBGN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_USDBGN
Open High Low USDBGN Price Change
1.8674372 1.8720000 1.8665000 1.8665000 -0.0009370
Entry Signal

MarketClub’s Trade Triangles for USDBGN

long term down The long-term trend has been DOWN since Nov 13th, 2022 at 1.8871000

intermediate term down The intermediate-term trend has been DOWN since Oct 26th, 2022 at 1.9565341

short term up The short-term trend has been UP since Dec 7th, 2022 at 1.8717416

Smart Scan Analysis for USDBGN

Based on our trend formula, USDBGN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for USDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8674372 1.8720000 1.8665000 1.8665000 -0.0009370
Prev. Close Volume Bid Ask Time
1.8674372 2022-12-07 04:02:22
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