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Forex Trend Analysis Report
Prepared for you on Wednesday, March 12, 2025.
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.
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MarketClub’s Trade Triangles for USDBGN
The long-term trend has been DOWN since Mar 4th, 2025 at 1.84420
The intermediate-term trend has been DOWN since Jan 24th, 2025 at 1.87113
The short-term trend has been DOWN since Mar 3rd, 2025 at 1.86558
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.794700 | 1.794700 | 1.793625 | 1.793960 | -0.000740 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.794700 | 2025-03-12 00:26:27 |