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Forex Trend Analysis Report

Prepared for you on Saturday, June 23, 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.

FOREX_AUDBGN
Open High Low AUDBGN Price Change
1.24615 1.25120 1.24205 1.24840 +0.00225
Entry Signal

MarketClub’s Trade Triangles for AUDBGN

long term up The long term trend has been UP since May 25th, 2018 at 1.26825

intermediate term down The intermediate term trend has been DOWN since Jun 18th, 2018 at 1.24640

short term down The short term trend has been DOWN since Jun 14th, 2018 at 1.25325

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).

-60
Smart Scan Analysis for AUDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.24615 1.25120 1.24205 1.24840 +0.00225
Prev. Close Volume Bid Ask Time
1.24615 1.24810 1.24870 2018-06-22 18:03:42
Want to analyze Australian Dollar/Bulgarian Lev AUDBGN or another symbol? Try our Free Forex Trend Analysis Report.