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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

British Pound/Bulgarian Lev (FOREX:GBPBGN)

Long-Term Downtrend (-90) - GBPBGN is in a strong downtrend that is likely to continue. While GBPBGN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

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FOREX_GBPBGN
Open High Low GBPBGN Price Change
2.1652920 2.1661314 2.1584846 2.1654655 +0.0001730
Entry Signal

MarketClub’s Trade Triangles for GBPBGN

long term down The long-term trend has been DOWN since Sep 10th, 2020 at 2.1345979

intermediate term down The intermediate-term trend has been DOWN since Dec 2nd, 2020 at 2.1616932

short term down The short-term trend has been DOWN since Nov 26th, 2020 at 2.1901717

Smart Scan Analysis for GBPBGN

Based on our trend formula, GBPBGN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GBPBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1652920 2.1661314 2.1584846 2.1654655 +0.0001730
Prev. Close Volume Bid Ask Time
2.1652920 2020-12-04 07:44:51
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