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Forex Trend Analysis Report

Prepared for you on Wednesday, May 12, 2021.

Bulgarian Lev/Euro (FOREX:BGNEUR)

Sidelines Mode (-50) - BGNEUR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BGNEUR can gain momentum.

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 0.51133339 0.51125496 0.51128110 +0.00002600
Entry Signal

MarketClub’s Trade Triangles for BGNEUR

long term up The long-term trend has been UP since Feb 26th, 2021 at 0.51267035

intermediate term down The intermediate-term trend has been DOWN since Apr 18th, 2021 at 0.51120269

short term down The short-term trend has been DOWN since Apr 15th, 2021 at 0.51125496

Smart Scan Analysis for BGNEUR

Based on our trend formula, BGNEUR is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for BGNEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.51125496 0.51133339 0.51125496 0.51128110 +0.00002600
Prev. Close Volume Bid Ask Time
0.51125496 2021-05-12 06:13:29
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