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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

Euro/Bulgarian Lev (FOREX:EURBGN)

Weak Downtrend (-65) - EURBGN is showing signs of a strengthening downtrend. Monitor EURBGN as it may be building momentum to the downside.

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
1.9558 1.9559 1.9558 1.9559 +0.0001
Entry Signal

MarketClub’s Trade Triangles for EURBGN

long term down The long-term trend has been DOWN since Feb 26th, 2021 at 1.9506

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2021 at 1.9549

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 1.9556

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
1.9558 1.9559 1.9558 1.9559 +0.0001
Prev. Close Volume Bid Ask Time
1.9558 2021-03-01 06:05:54
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