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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

British Pound/Bulgarian Lev (FOREX:GBPBGN)

Weak Uptrend (+65) - GBPBGN is showing signs of weakening momentum to the upside. Monitor GBPBGN as it may be in the beginning stages 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.

FOREX_GBPBGN
Open High Low GBPBGN Price Change
2.3171750 2.3181775 2.3155975 2.3155975 -0.0015780
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 down The short-term trend has been DOWN since Jul 25th, 2024 at 2.3203227

Smart Scan Analysis for GBPBGN

Based on our trend formula, GBPBGN is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for GBPBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3171750 2.3181775 2.3155975 2.3155975 -0.0015780
Prev. Close Volume Bid Ask Time
2.3171750 2024-07-26 10:37:33
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