Free Daily Analysis

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.

FOREX_USDBGN
Open High Low USDBGN Price Change
1.6399450 1.6440000 1.6379265 1.6418654 +0.0019200
Entry Signal

MarketClub’s Trade Triangles for USDBGN

long term down The long-term trend has been DOWN since Jul 14th, 2020 at 1.7149600

intermediate term down The intermediate-term trend has been DOWN since Nov 6th, 2020 at 1.6465000

short term down 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).

-90
Smart Scan Analysis for USDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6399450 1.6440000 1.6379265 1.6418654 +0.0019200
Prev. Close Volume Bid Ask Time
1.6399450 2020-11-26 20:58:33
Get a free daily analysis and signals for US Dollar/Bulgarian Lev (USDBGN) - Request Your Free Report.