Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
British Pound/Bulgarian Lev (FOREX:GBPBGN)
Strong Uptrend (+100) - GBPBGN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPBGN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Oct 15th, 2021 at 2.3128914
The intermediate-term trend has been UP since Oct 6th, 2021 at 2.2992993
The short-term trend has been UP since Oct 14th, 2021 at 2.3075380
Smart Scan Analysis for GBPBGN
Based on our trend formula, GBPBGN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).