Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
British Pound/Bulgarian Lev (FOREX:GBPBGN)
Weak Downtrend (-65) - GBPBGN is showing signs of a strengthening downtrend. Monitor GBPBGN as it may be building momentum to the downside.
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 Mar 2nd, 2020 at 2.2706085
The intermediate-term trend has been DOWN since Feb 27th, 2020 at 2.2932521
The short-term trend has been UP since Mar 25th, 2020 at 2.1472723
Smart Scan Analysis for GBPBGN
Based on our trend formula, GBPBGN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).