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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

British Pound/Bulgarian Lev (FOREX:GBPBGN)

Long-Term Uptrend (+90) - GBPBGN is in a strong uptrend that is likely to continue. While GBPBGN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
2.2971402 2.3007475 2.2965603 2.2984669 +0.0013270
Entry Signal

MarketClub’s Trade Triangles for GBPBGN

long term up The long-term trend has been UP since Jan 23rd, 2024 at 2.2859347

intermediate term up The intermediate-term trend has been UP since May 22nd, 2024 at 2.2918889

short term up The short-term trend has been UP since May 13th, 2024 at 2.2748473

Smart Scan Analysis for GBPBGN

Based on our trend formula, GBPBGN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for GBPBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2971402 2.3007475 2.2965603 2.2984669 +0.0013270
Prev. Close Volume Bid Ask Time
2.2984940 2024-05-28 23:26:37
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