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Forex Trend Analysis Report

Prepared for you on Monday, June 17, 2024.

Euro/Bulgarian Lev (FOREX:EURBGN)

Strong Downtrend (-100) - EURBGN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURBGN continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid EURBGN?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURBGN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURBGN
Open High Low EURBGN Price Change
1.9558 1.9559 1.9558 1.9558 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURBGN

long term down The long-term trend has been DOWN since Apr 29th, 2024 at 1.9557

intermediate term down The intermediate-term trend has been DOWN since Nov 28th, 2023 at 1.9558

short term down The short-term trend has been DOWN since May 21st, 2024 at 1.9558

Smart Scan Analysis for EURBGN

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

-100
Smart Scan Analysis for EURBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.9558 1.9559 1.9558 1.9558 0.0000
Prev. Close Volume Bid Ask Time
1.9558 2024-06-17 07:26:02
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