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Forex Trend Analysis Report

Prepared for you on Saturday, August 8, 2020.

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
0.51120269 0.51131309 0.51120269 0.51120269 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BGNEUR

long term up The long-term trend has been UP since Jul 17th, 2020 at 0.51141184

intermediate term down The intermediate-term trend has been DOWN since Jul 28th, 2020 at 0.51099371

short term down The short-term trend has been DOWN since Jul 22nd, 2020 at 0.51115043

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
0.51120269 0.51131309 0.51120269 0.51120269 0.00000000
Prev. Close Volume Bid Ask Time
0.51120269 0.50924276 0.51316262 2020-08-08 17:45:52
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