Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
British Pound/Bulgarian Lev (FOREX:GBPBGN)
Crossroads (+60) - GBPBGN is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for GBPBGN
The long-term trend has been DOWN since Sep 22nd, 2023 at 2.2498691
The intermediate-term trend has been UP since Nov 29th, 2023 at 2.2605962
The short-term trend has been UP since Nov 21st, 2023 at 2.2380391
Smart Scan Analysis for GBPBGN
Based on our trend formula, GBPBGN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).