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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

British Pound/Bulgarian Lev (FOREX:GBPBGN)

Sidelines Mode (-55) - GBPBGN 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 GBPBGN?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBGN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPBGN
Open High Low GBPBGN Price Change
2.2648370 2.2651604 2.2530830 2.2530830 -0.0117540
Entry Signal

MarketClub’s Trade Triangles for GBPBGN

long term up The long-term trend has been UP since Jan 14th, 2021 at 2.2037823

intermediate term down The intermediate-term trend has been DOWN since Apr 7th, 2021 at 2.2640636

short term up The short-term trend has been UP since Apr 18th, 2021 at 2.2590668

Smart Scan Analysis for GBPBGN

Based on our trend formula, GBPBGN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for GBPBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2648370 2.2651604 2.2530830 2.2530830 -0.0117540
Prev. Close Volume Bid Ask Time
2.2648370 2021-05-06 14:11:45
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