Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Euro/Bulgarian Lev (FOREX:EURBGN)
Sidelines Mode (+55) - EURBGN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Sep 6th, 2021 at 1.9537
The intermediate-term trend has been UP since Sep 22nd, 2021 at 1.9574
The short-term trend has been DOWN since Oct 15th, 2021 at 1.9555
Smart Scan Analysis for EURBGN
Based on our trend formula, EURBGN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).