Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, October 23, 2021.

Bulgarian Lev/Euro (FOREX:BGNEUR)

Bull Market Weakness (+75) - BGNEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BGNEUR as it may be in the beginning stages of a reversal.

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.

FOREX_BGNEUR
Open High Low BGNEUR Price Change
0.51135954 0.51135954 0.51122882 0.51130724 -0.00005200
Entry Signal

MarketClub’s Trade Triangles for BGNEUR

long term up The long-term trend has been UP since Sep 6th, 2021 at 0.51185685

intermediate term up The intermediate-term trend has been UP since Sep 29th, 2021 at 0.51303858

short term up The short-term trend has been UP since Oct 15th, 2021 at 0.51135954

Smart Scan Analysis for BGNEUR

Based on our trend formula, BGNEUR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for BGNEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.51135954 0.51135954 0.51122882 0.51130724 -0.00005200
Prev. Close Volume Bid Ask Time
0.51135954 2021-10-22 16:33:36
Get a free daily analysis and signals for Bulgarian Lev/Euro (BGNEUR) - Request Your Free Report.