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Forex Trend Analysis Report

Prepared for you on Sunday, July 3, 2022.

Bulgarian Lev/Euro (FOREX:BGNEUR)

Strong Downtrend (-100) - BGNEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BGNEUR continues to fall. Traders should use caution and set stops.

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
0.51125496 0.51130724 0.50932800 0.50953562 -0.00171900
Entry Signal

MarketClub’s Trade Triangles for BGNEUR

long term down The long-term trend has been DOWN since May 27th, 2022 at 0.51015949

intermediate term down The intermediate-term trend has been DOWN since Jul 1st, 2022 at 0.51117656

short term down The short-term trend has been DOWN since Jul 1st, 2022 at 0.51120269

Smart Scan Analysis for BGNEUR

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

-100
Smart Scan Analysis for BGNEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.51125496 0.51130724 0.50932800 0.50953562 -0.00171900
Prev. Close Volume Bid Ask Time
0.51125496 2022-07-01 17:22:22
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