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.
MarketClub’s Trade Triangles for EURBGN
The long-term trend has been UP since Mar 13th, 2020 at 1.9608
The intermediate-term trend has been UP since Mar 13th, 2020 at 1.9581
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).