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Forex Trend Analysis Report

Prepared for you on Sunday, December 1, 2024.

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 1.9558 1.9558 1.9558 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURBGN

long term up The long-term trend has been UP since Aug 7th, 2024 at 1.9559

intermediate term down The intermediate-term trend has been DOWN since Aug 7th, 2024 at 1.9558

short term down The short-term trend has been DOWN since Aug 7th, 2024 at 1.9558

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 1.9558 1.9558 1.9558 0.0000
Prev. Close Volume Bid Ask Time
1.9558 2024-11-30 18:38:56
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