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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 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.
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MarketClub’s Trade Triangles for BGNEUR
The long-term trend has been UP since Apr 29th, 2024 at 0.51133339
The intermediate-term trend has been UP since Nov 28th, 2023 at 0.51131309
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.51130724 | 0.51131309 | 0.51128110 | 0.51130724 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.51130724 | 2024-07-26 10:37:33 |