Forex Trend Analysis Report
Prepared for you on Wednesday, April 14, 2021.
Euro/Bulgarian Lev (FOREX:EURBGN)
Strong Downtrend (-100) - EURBGN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Feb 26th, 2021 at 1.9506
The intermediate-term trend has been DOWN since Mar 29th, 2021 at 1.9552
The short-term trend has been DOWN since Apr 13th, 2021 at 1.9556
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).