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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.

FOREX_AUDBGN
Open High Low AUDBGN Price Change
1.23965 1.24055 1.23655 1.23985 +0.00020
Entry Signal

MarketClub’s Trade Triangles for AUDBGN

long term up The long term trend has been UP since Nov 28th, 2018 at 1.26045

intermediate term down The intermediate term trend has been DOWN since Dec 6th, 2018 at 1.23920

short term down 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).

-60
Smart Scan Analysis for AUDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.23965 1.24055 1.23655 1.23985 +0.00020
Prev. Close Volume Bid Ask Time
1.23965 1.23980 1.23990 2018-12-11 09:36:24
Want to analyze Australian Dollar/Bulgarian Lev AUDBGN or another symbol? Try our Free Forex Trend Analysis Report.