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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

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
1.9556 1.9559 1.9556 1.9557 +0.0001
Entry Signal

MarketClub’s Trade Triangles for EURBGN

long term down The long-term trend has been DOWN since Sep 6th, 2021 at 1.9537

intermediate term up The intermediate-term trend has been UP since Sep 22nd, 2021 at 1.9574

short term down The short-term trend has been DOWN since Oct 15th, 2021 at 1.9555

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
1.9556 1.9559 1.9556 1.9557 +0.0001
Prev. Close Volume Bid Ask Time
1.9556 2021-10-22 01:54:21
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