Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
Australian Dollar/Bulgarian Lev (FOREX:AUDBGN)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for AUDBGN
The long term trend has been UP since Nov 28th, 2018 at 1.26045
The intermediate term trend has been DOWN since Dec 6th, 2018 at 1.23920
The short term trend has been DOWN since Dec 5th, 2018 at 1.25975
Smart Scan Analysis for AUDBGN
Based on a pre-defined weighted trend formula for chart analysis, AUDBGN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).