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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

British Pound/Bulgarian Lev (FOREX:GBPBGN)

Crossroads (+60) - GBPBGN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
2.2833294 2.2833294 2.2833294 2.2833294 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPBGN

long term down The long-term trend has been DOWN since Sep 22nd, 2023 at 2.2498691

intermediate term up The intermediate-term trend has been UP since Nov 29th, 2023 at 2.2605962

short term up The short-term trend has been UP since Nov 21st, 2023 at 2.2380391

Smart Scan Analysis for GBPBGN

Based on our trend formula, GBPBGN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for GBPBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2833294 2.2833294 2.2833294 2.2833294 0.0000000
Prev. Close Volume Bid Ask Time
2.2833294 2023-12-08 00:18:59
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