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.
MarketClub’s Trade Triangles for BGNEUR
The long-term trend has been UP since Sep 6th, 2021 at 0.51185685
The intermediate-term trend has been UP since Sep 29th, 2021 at 0.51303858
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).