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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Bulgarian Lev (FOREX:GBPBGN)
Weak Downtrend (-65) - GBPBGN is showing signs of a strengthening downtrend. Monitor GBPBGN as it may be building momentum to the downside.
Is it time to buy, sell, or avoid GBPBGN?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBGN.
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 GBPBGN
The long-term trend has been UP since Jan 23rd, 2024 at 2.2859347
The intermediate-term trend has been DOWN since Apr 19th, 2024 at 2.2785813
The short-term trend has been DOWN since May 2nd, 2024 at 2.2865326
Smart Scan Analysis for GBPBGN
Based on our trend formula, GBPBGN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.2732212 | 2.2740406 | 2.2700394 | 2.2700394 | -0.0031820 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.2732212 | 2024-05-09 12:03:29 |