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Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
Bulgarian Lev/Euro (FOREX:BGNEUR)
Bear Market Rally (-75) - BGNEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BGNEUR as it may be in the beginning 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.
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MarketClub’s Trade Triangles for BGNEUR
The long-term trend has been DOWN since Sep 14th, 2022 at 0.50932800
The intermediate-term trend has been UP since Mar 10th, 2023 at 0.51246017
The short-term trend has been DOWN since Mar 24th, 2023 at 0.51117656
Smart Scan Analysis for BGNEUR
Based on our trend formula, BGNEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.51128110 | 0.51135954 | 0.51122882 | 0.51125496 | -0.00002600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.51128110 | 2023-03-29 21:13:50 |