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Forex Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

Bulgarian Lev/Euro (FOREX:BGNEUR)

Countertrend Up (+85) - BGNEUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid BGNEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for BGNEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BGNEUR
Open High Low BGNEUR Price Change
0.51130724 0.51130724 0.51125496 0.51130724 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BGNEUR

long term up The long-term trend has been UP since Sep 6th, 2021 at 0.51185685

intermediate term up The intermediate-term trend has been UP since Sep 29th, 2021 at 0.51303858

short term up The short-term trend has been UP since Oct 15th, 2021 at 0.51135954

Smart Scan Analysis for BGNEUR

Based on our trend formula, BGNEUR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for BGNEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.51130724 0.51130724 0.51125496 0.51130724 0.00000000
Prev. Close Volume Bid Ask Time
0.51130724 2021-10-25 05:23:16
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