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Forex Trend Analysis Report

Prepared for you on Saturday, August 13, 2022.

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.

FOREX_BGNEUR
Open High Low BGNEUR Price Change
0.51133339 0.51135954 0.51128110 0.51130724 -0.00002600
Entry Signal

MarketClub’s Trade Triangles for BGNEUR

long term down The long-term trend has been DOWN since May 27th, 2022 at 0.51015949

intermediate term down The intermediate-term trend has been DOWN since Jul 1st, 2022 at 0.51117656

short term up The short-term trend has been UP since Aug 5th, 2022 at 0.51146415

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).

-55
Smart Scan Analysis for BGNEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.51133339 0.51135954 0.51128110 0.51130724 -0.00002600
Prev. Close Volume Bid Ask Time
0.51133339 2022-08-12 16:40:11
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