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.
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 10th, 2020 at 2.1345979
The intermediate-term trend has been DOWN since Dec 2nd, 2020 at 2.1616932
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).