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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.

FOREX_GBPBGN
Open High Low GBPBGN Price Change
2.2246993 2.2300669 2.2152626 2.2152626 -0.0094370
Entry Signal

MarketClub’s Trade Triangles for GBPBGN

long term down The long-term trend has been DOWN since Mar 2nd, 2020 at 2.2706085

intermediate term down The intermediate-term trend has been DOWN since Feb 27th, 2020 at 2.2932521

short term up 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).

-65
Smart Scan Analysis for GBPBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2246993 2.2300669 2.2152626 2.2152626 -0.0094370
Prev. Close Volume Bid Ask Time
2.2246993 2.2067677 2.2237576 2020-04-06 18:19:41
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