Forex Trend Analysis Report
Prepared for you on Monday, November 23, 2020.
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 Nov 5th, 2020 at 0.50945774
The intermediate-term trend has been DOWN since Nov 4th, 2020 at 0.51117656
The short-term trend has been UP since Nov 23rd, 2020 at 0.51138569
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).