Forex Trend Analysis Report
Prepared for you on Thursday, June 1, 2023.
Bulgarian Lev/Euro (FOREX:BGNEUR)
Weak Uptrend (+65) - BGNEUR is showing signs of weakening momentum to the upside. Monitor BGNEUR as it may be in the beginning stages of a reversal.
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 Apr 3rd, 2023 at 0.51385584
The intermediate-term trend has been UP since May 25th, 2023 at 0.51264407
The short-term trend has been DOWN since May 29th, 2023 at 0.51122882
Smart Scan Analysis for BGNEUR
Based on our trend formula, BGNEUR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).