Forex Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
British Pound/Bulgarian Lev (FOREX:GBPBGN)
Bear Market Rally (-75) - GBPBGN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPBGN as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for GBPBGN
The long-term trend has been DOWN since Mar 2nd, 2020 at 2.2706085
The intermediate-term trend has been DOWN since Jun 19th, 2020 at 2.1631547
The short-term trend has been DOWN since Aug 6th, 2020 at 2.1618305
Smart Scan Analysis for GBPBGN
Based on our trend formula, GBPBGN is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).