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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

British Pound/Bulgarian Lev (FOREX:GBPBGN)

Sidelines Mode (-55) - GBPBGN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
2.2907943 2.2909383 2.2878868 2.2878868 -0.0029080
Entry Signal

MarketClub’s Trade Triangles for GBPBGN

long term up The long-term trend has been UP since Jan 23rd, 2024 at 2.2859347

intermediate term down The intermediate-term trend has been DOWN since Feb 20th, 2024 at 2.2820139

short term up The short-term trend has been UP since Mar 29th, 2024 at 2.2908175

Smart Scan Analysis for GBPBGN

Based on our trend formula, GBPBGN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for GBPBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2907943 2.2909383 2.2878868 2.2878868 -0.0029080
Prev. Close Volume Bid Ask Time
2.2907943 2024-03-29 08:19:02
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