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Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

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.

Open High Low EURBGN Price Change
1.9558 1.9563 1.9557 1.9560 +0.0002
Entry Signal

MarketClub’s Trade Triangles for EURBGN

long term up The long-term trend has been UP since Sep 14th, 2022 at 1.9634

intermediate term down The intermediate-term trend has been DOWN since Mar 10th, 2023 at 1.9514

short term up The short-term trend has been UP since Mar 22nd, 2023 at 1.9562

Smart Scan Analysis for EURBGN

Based on our trend formula, EURBGN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for EURBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.9558 1.9563 1.9557 1.9560 +0.0002
Prev. Close Volume Bid Ask Time
1.9558 2023-03-22 22:30:06
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