Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
Euro/Bulgarian Lev (FOREX:EURBGN)
Bull Market Weakness (+75) - EURBGN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURBGN as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for EURBGN
The long-term trend has been DOWN since Apr 17th, 2020 at 1.9525
The intermediate-term trend has been UP since Jul 28th, 2020 at 1.9570
The short-term trend has been UP since Jul 28th, 2020 at 1.9561
Smart Scan Analysis for EURBGN
Based on our trend formula, EURBGN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).