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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

British Pound/Bulgarian Lev (FOREX:GBPBGN)

Sidelines Mode (-50) - GBPBGN is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPBGN can gain momentum.

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.

FOREX_GBPBGN
Open High Low GBPBGN Price Change
2.2874953 2.2897716 2.2849599 2.2890516 +0.0015560
Entry Signal

MarketClub’s Trade Triangles for GBPBGN

long term up The long-term trend has been UP since Jan 23rd, 2024 at 2.2859347

intermediate term down The intermediate-term trend has been DOWN since Feb 20th, 2024 at 2.2820139

short term down The short-term trend has been DOWN since Mar 13th, 2024 at 2.2869504

Smart Scan Analysis for GBPBGN

Based on our trend formula, GBPBGN is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for GBPBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2874953 2.2897716 2.2849599 2.2890516 +0.0015560
Prev. Close Volume Bid Ask Time
2.2874953 2024-03-18 19:54:36
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