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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.

FOREX_BGNEUR
Open High Low BGNEUR Price Change
0.51130724 0.51141184 0.51125496 0.51141184 +0.00010500
Entry Signal

MarketClub’s Trade Triangles for BGNEUR

long term down The long-term trend has been DOWN since Nov 5th, 2020 at 0.50945774

intermediate term down The intermediate-term trend has been DOWN since Nov 4th, 2020 at 0.51117656

short term up 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).

-55
Smart Scan Analysis for BGNEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.51130724 0.51141184 0.51125496 0.51141184 +0.00010500
Prev. Close Volume Bid Ask Time
0.51130724 2020-11-23 11:10:35
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