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Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
British Pound/Bulgarian Lev (FOREX:GBPBGN)
Sidelines Mode (+55) - GBPBGN 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 GBPBGN?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBGN.
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 GBPBGN
The long-term trend has been DOWN since Feb 2nd, 2023 at 2.1992702
The intermediate-term trend has been UP since Mar 15th, 2023 at 2.2325719
The short-term trend has been DOWN since Mar 30th, 2023 at 2.2203303
Smart Scan Analysis for GBPBGN
Based on our trend formula, GBPBGN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.2225000 | 2.2260923 | 2.2220329 | 2.2260923 | +0.0035920 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.2225000 | 2023-03-31 09:52:13 |