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.
MarketClub’s Trade Triangles for BGNEUR
The long-term trend has been UP since Feb 26th, 2021 at 0.51267035
The intermediate-term trend has been DOWN since Apr 18th, 2021 at 0.51120269
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).