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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.

FOREX_GBPBGN
Open High Low GBPBGN Price Change
2.3207167 2.3263947 2.3189282 2.3216999 +0.0009830
Entry Signal

MarketClub’s Trade Triangles for GBPBGN

long term up The long-term trend has been UP since Oct 15th, 2021 at 2.3128914

intermediate term up The intermediate-term trend has been UP since Oct 6th, 2021 at 2.2992993

short term up 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).

+90
Smart Scan Analysis for GBPBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3207167 2.3263947 2.3189282 2.3216999 +0.0009830
Prev. Close Volume Bid Ask Time
2.3207167 2021-10-26 13:42:20
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