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Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2025.
US Dollar/Bulgarian Lev (FOREX:USDBGN)
Weak Downtrend (-65) - USDBGN is showing signs of a strengthening downtrend. Monitor USDBGN as it may be building momentum to the downside.
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 UP since Nov 5th, 2024 at 1.8166651
The intermediate-term trend has been DOWN since Jan 24th, 2025 at 1.8711300
The short-term trend has been DOWN since Jan 15th, 2025 at 1.8973337
Smart Scan Analysis for USDBGN
Based on our trend formula, USDBGN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.8739283 | 1.8739283 | 1.8580300 | 1.8633700 | -0.0105580 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.8739283 | 2025-01-24 18:52:31 |