Forex Trend Analysis Report
Prepared for you on Friday, March 24, 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 Sep 14th, 2022 at 1.9634
The intermediate-term trend has been DOWN since Mar 10th, 2023 at 1.9514
The short-term trend has been DOWN since Mar 23rd, 2023 at 1.9556
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).