Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
British Pound/Bulgarian Lev (FOREX:GBPBGN)
Long-Term Uptrend (+90) - GBPBGN is in a strong uptrend that is likely to continue. While GBPBGN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Oct 15th, 2021 at 2.3128914
The intermediate-term trend has been UP since Oct 6th, 2021 at 2.2992993
The short-term trend has been UP since Oct 26th, 2021 at 2.3218048
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).