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.
MarketClub’s Trade Triangles for BGNEUR
The long-term trend has been UP since Jul 17th, 2020 at 0.51141184
The intermediate-term trend has been DOWN since Jul 28th, 2020 at 0.51099371
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).