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Forex Trend Analysis Report
Prepared for you on Saturday, May 17, 2025.
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.
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MarketClub’s Trade Triangles for GBPBGN
The long-term trend has been DOWN since Jan 14th, 2025 at 2.3165575
The intermediate-term trend has been UP since May 6th, 2025 at 2.3041942
The short-term trend has been UP since May 6th, 2025 at 2.3030453
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.3219755 | 2.3291513 | 2.3203227 | 2.3290126 | +0.0070370 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.3211488 | 2025-05-16 16:35:15 |