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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

Euro/Bulgarian Lev (FOREX:EURBGN)

Sidelines Mode (+55) - EURBGN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1.9559 1.9559 1.9556 1.9556 -0.0003
Entry Signal

MarketClub’s Trade Triangles for EURBGN

long term up The long-term trend has been UP since Mar 13th, 2020 at 1.9608

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2020 at 1.9581

short term down The short-term trend has been DOWN since Mar 31st, 2020 at 1.9556

Smart Scan Analysis for EURBGN

Based on our trend formula, EURBGN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for EURBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.9559 1.9559 1.9556 1.9556 -0.0003
Prev. Close Volume Bid Ask Time
1.9559 1.9481 1.9631 2020-04-01 13:37:37
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