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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Bulgarian Lev/Euro (FOREX:BGNEUR)

Crossroads (-60) - BGNEUR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.51130724 0.51130724 0.51128110 0.51128110 -0.00002600
Entry Signal

MarketClub’s Trade Triangles for BGNEUR

long term down The long-term trend has been DOWN since Nov 24th, 2023 at 0.51128110

intermediate term up The intermediate-term trend has been UP since Nov 28th, 2023 at 0.51131309

short term up The short-term trend has been UP since Jan 30th, 2024 at 0.51130724

Smart Scan Analysis for BGNEUR

Based on our trend formula, BGNEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for BGNEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.51130724 0.51130724 0.51128110 0.51128110 -0.00002600
Prev. Close Volume Bid Ask Time
0.51130724 2024-03-19 06:55:23
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