Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Bulgarian Lev/Euro (FOREX:BGNEUR)
Weak Uptrend (+65) - BGNEUR is showing signs of weakening momentum to the upside. Monitor 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.
MarketClub’s Trade Triangles for BGNEUR
The long-term trend has been UP since Feb 26th, 2021 at 0.51267035
The intermediate-term trend has been UP since Feb 26th, 2021 at 0.51154265
The short-term trend has been DOWN since Mar 3rd, 2021 at 0.51122882
Smart Scan Analysis for BGNEUR
Based on our trend formula, BGNEUR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).