Forex Trend Analysis Report
Prepared for you on Thursday, November 26, 2020.
Euro/Bulgarian Lev (FOREX:EURBGN)
Strong Uptrend (+100) - EURBGN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, EURBGN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid EURBGN?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURBGN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURBGN
The long-term trend has been UP since Nov 5th, 2020 at 1.9629
The intermediate-term trend has been UP since Nov 5th, 2020 at 1.9606
The short-term trend has been UP since Nov 26th, 2020 at 1.9562
Smart Scan Analysis for EURBGN
Based on our trend formula, EURBGN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).