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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.

FOREX_BGNEUR
Open High Low BGNEUR Price Change
0.51128110 0.51135954 0.51122882 0.51125496 -0.00002600
Entry Signal

MarketClub’s Trade Triangles for BGNEUR

long term down The long-term trend has been DOWN since Sep 14th, 2022 at 0.50932800

intermediate term up The intermediate-term trend has been UP since Mar 10th, 2023 at 0.51246017

short term down 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).

-75
Smart Scan Analysis for BGNEUR
Strong Downtrend Sideways 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
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