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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.
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MarketClub’s Trade Triangles for EURBGN
The long-term trend has been UP since Sep 14th, 2022 at 1.9634
The intermediate-term trend has been DOWN since Mar 10th, 2023 at 1.9514
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).
| 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 |