Free United States dollar With Bulgarian lev (USDBGN(Forex)) Technical Analysis Signals

Overal Signal
Sell
Signals
Sell Hold Sell Neutral
Last Update / Period
06 Dec / Daily
Category/Currency
Forex/BGN
Exchange/Country
FX/--

United States dollar With Bulgarian lev (USDBGN(Forex)) signal with technical analysis on 06 Dec

On 06 Dec, we conducted a comprehensive technical analysis of United States dollar With Bulgarian lev (USDBGN(Forex)), considering 256 signals with intricate details. Here are the key findings: 46 signals suggested buy strategies, while 97 indicated sell strategies. The remaining 113 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 8
Sell Signals: 30
Neutral Signals: 26
Result: This strategy leads to a Sell position.

Strategy 2:
Buy Signals: 10
Sell Signals: 26
Neutral Signals: 28
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 10
Sell Signals: 26
Neutral Signals: 28
Result: This strategy leads to a Sell position.

Strategy 4:
Buy Signals: 18
Sell Signals: 15
Neutral Signals: 31
Result: This strategy leads to a Neutral position.

Overall Strategy:
Buy Signals: 46
Sell Signals: 97
Neutral Signals: 113
Result: This strategy leads to a Sell position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your United States dollar With Bulgarian lev (USDBGN(Forex)) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for United States dollar With Bulgarian lev (USDBGN(Forex)) on , there is a tendency towards a sell signal based on historical data and analysis. However, it’s crucial to remember that these signals are not guarantees. Make sure to carefully consider overall market conditions and align your decisions with your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
United States dollar With Bulgarian lev (USDBGN(Forex)) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is advisable to identify the optimal time to exit your position based on a combination of technical signals. Those with a high risk tolerance may choose to wait and observe market movements over the next few days.
United States dollar With Bulgarian lev (USDBGN(Forex)) trading strategy for those in sell positions (short positions): If you are in a sell (short) position, holding your position may be the right strategy, as indicated by the consensus of our technical analysis. However, be cautious and monitor market developments closely.
For new positions: If you are not currently invested or considering switching to a sell (short) position, it’s recommended to assess the potential downside of 5.27% based on the lowest expected price range. Ensure that this aligns with your risk tolerance and objectives by conducting thorough research before entering a short position.

In all trading scenarios, a well-defined stop-loss strategy is critical to managing potential downside risks effectively.

Useful Tip: For long-term forecasting, we recommend using the "Predict-price" website, which offers both short-term and long-term predictions at no cost. This resource can support informed decision-making regarding your **United States dollar With Bulgarian lev (USDBGN(Forex))** investments.

United States dollar With Bulgarian lev (USDBGN(Forex)) Price Analysis and Support Levels:

In our current United States dollar With Bulgarian lev (USDBGN(Forex)) position, we find ourselves in a short position, anticipating a potential downward trend. Understanding the key support levels is essential, as these serve as critical reference points for traders and investors to make informed decisions.

First Support Level: 1.766
We are closely monitoring the price at 1.766, the first support level. If the downward trend continues, breaching this level would signal strong selling pressure, suggesting the possibility of further price depreciation.

Second Support Level: 1.746
If the first support level is broken, the second support level at 1.746 becomes crucial. A break here would indicate stronger downward momentum, likely driven by market sentiment or external factors.

Third Support Level: 1.725
If the second support level is broken and the price continues to decline, this signals a significant market shift. Staying below 1.725 would confirm a persistent downward trend, with traders likely targeting this third level as the next support point.
These support levels should be carefully considered within the context of broader market trends and indicators. By staying alert and consistently analyzing the market, you can make well-informed decisions while trading United States dollar With Bulgarian lev (USDBGN(Forex)). Keeping these support levels in mind will help you adapt to the dynamic nature of the market and make smarter trading choices.

United States dollar With Bulgarian lev (USDBGN(Forex)) technical analysis chart

United States dollar With Bulgarian lev (USDBGN(Forex)) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance -- -- -- -- --
Support 1.766 1.746 1.725 -- --
 United States dollar With Bulgarian lev (USDBGN(Forex)) Support and Resistance area (06 Dec)

United States dollar With Bulgarian lev (USDBGN(Forex)) signals list for 06 Dec

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

United States dollar With Bulgarian lev (USDBGN(Forex)) technical analysis over the past days

# Date Overal Signals ALL Signals
1 05 Dec Sell SellSellSellNeutral
2 04 Dec Buy HoldNeutralNeutralHold
3 03 Dec Hold HoldNeutralHoldHold
4 02 Dec Buy NeutralNeutralBuyBuy
5 01 Dec Hold HoldNeutralNeutralNeutral
6 29 Nov Neutral HoldNeutralHoldHold
7 28 Nov Hold HoldNeutralNeutralHold
8 27 Nov Sell SellNeutralNeutralHold
9 26 Nov Hold NeutralHoldHoldHold
10 25 Nov Hold HoldHoldHoldHold
11 22 Nov Hold HoldHoldHoldHold
12 21 Nov Buy BuyHoldHoldHold
13 20 Nov Hold NeutralHoldHoldHold
14 19 Nov Hold NeutralHoldHoldHold
15 18 Nov Hold NeutralHoldHoldHold
16 17 Nov Hold HoldHoldHoldHold
17 15 Nov Hold HoldHoldHoldHold
18 14 Nov Hold HoldHoldHoldHold
19 13 Nov Hold HoldHoldHoldHold
20 12 Nov Hold HoldHoldHoldHold
21 11 Nov Hold HoldHoldHoldHold
22 10 Nov Hold HoldHoldHoldHold
23 08 Nov Buy HoldHoldBuyHold
24 07 Nov Hold HoldHoldNeutralHold
25 06 Nov Buy BuyBuyBuyBuy
26 05 Nov Hold HoldHoldHoldNeutral
27 04 Nov Sell HoldHoldSellNeutral
28 03 Nov Sell HoldHoldNeutralNeutral
29 01 Nov Buy HoldHoldNeutralBuy
30 31 Oct Sell HoldHoldNeutralNeutral

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