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.
MarketClub’s Trade Triangles for BGNEUR
The long-term trend has been DOWN since May 27th, 2022 at 0.51015949
The intermediate-term trend has been DOWN since Jul 1st, 2022 at 0.51117656
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).