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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

British Pound/Bulgarian Lev (FOREX:GBPBGN)

Bull Market Weakness (+75) - GBPBGN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPBGN as it may be in the beginning stages of a reversal.

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.

FOREX_GBPBGN
Open High Low GBPBGN Price Change
2.2458868 2.2549613 2.2421967 2.2456658 -0.0002210
Entry Signal

MarketClub’s Trade Triangles for GBPBGN

long term up The long-term trend has been UP since Jan 14th, 2021 at 2.2037823

intermediate term up The intermediate-term trend has been UP since Dec 31st, 2020 at 2.1817289

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 2.2603571

Smart Scan Analysis for GBPBGN

Based on our trend formula, GBPBGN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for GBPBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2458868 2.2549613 2.2421967 2.2456658 -0.0002210
Prev. Close Volume Bid Ask Time
2.2458868 2021-02-26 17:12:07
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