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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Bulgarian Lev/Euro (FOREX:BGNEUR)
Sidelines Mode (+55) - BGNEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BGNEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for BGNEUR.
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 BGNEUR
The long-term trend has been UP since Apr 29th, 2024 at 0.51133339
The intermediate-term trend has been UP since Nov 28th, 2023 at 0.51131309
The short-term trend has been DOWN since May 6th, 2024 at 0.51130724
Smart Scan Analysis for BGNEUR
Based on our trend formula, BGNEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.51130724 | 0.51130724 | 0.51130724 | 0.51130724 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.51130724 | 2024-05-09 05:03:26 |