Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
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.
MarketClub’s Trade Triangles for GBPBGN
The long-term trend has been DOWN since May 5th, 2022 at 2.2978728
The intermediate-term trend has been DOWN since Apr 25th, 2022 at 2.3210111
The short-term trend has been UP since Jun 30th, 2022 at 2.2760121
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).