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.
MarketClub’s Trade Triangles for BGNEUR
The long-term trend has been DOWN since May 27th, 2022 at 0.51015949
The intermediate-term trend has been DOWN since Jul 1st, 2022 at 0.51117656
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).