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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

Bulgarian Lev/Euro (FOREX:BGNEUR)

Strong Uptrend (+100) - BGNEUR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BGNEUR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
0.51130724 0.51130724 0.51128110 0.51130724 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BGNEUR

long term up The long-term trend has been UP since Apr 29th, 2024 at 0.51133339

intermediate term up The intermediate-term trend has been UP since Nov 28th, 2023 at 0.51131309

short term up The short-term trend has been UP since May 21st, 2024 at 0.51131309

Smart Scan Analysis for BGNEUR

Based on our trend formula, BGNEUR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for BGNEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.51130724 0.51130724 0.51128110 0.51130724 0.00000000
Prev. Close Volume Bid Ask Time
0.51130724 2024-06-20 03:59:58
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