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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.

FOREX_EURBGN
Open High Low EURBGN Price Change
1.9556 1.9560 1.9556 1.9560 +0.0004
Entry Signal

MarketClub’s Trade Triangles for EURBGN

long term down The long-term trend has been DOWN since Apr 17th, 2020 at 1.9525

intermediate term up The intermediate-term trend has been UP since Jul 28th, 2020 at 1.9570

short term up 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).

+70
Smart Scan Analysis for EURBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.9556 1.9560 1.9556 1.9560 +0.0004
Prev. Close Volume Bid Ask Time
1.9556 1.9485 1.9635 2020-08-04 20:46:26
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