Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Euro/Bulgarian Lev (FOREX:EURBGN)
Weak Downtrend (-65) - EURBGN is showing signs of a strengthening downtrend. Monitor EURBGN as it may be building momentum to the downside.
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 24th, 2023 at 1.9559
The intermediate-term trend has been DOWN since Nov 28th, 2023 at 1.9558
The short-term trend has been DOWN since Nov 28th, 2023 at 1.9558
Smart Scan Analysis for EURBGN
Based on our trend formula, EURBGN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).