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Forex Trend Analysis Report

Prepared for you on Wednesday, October 24, 2018.

Australian Dollar/Bulgarian Lev (FOREX:AUDBGN)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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.

Open High Low AUDBGN Price Change
1.21025 1.21145 1.20945 1.21080 +0.00055
Entry Signal

MarketClub’s Trade Triangles for AUDBGN

long term down The long term trend has been DOWN since Aug 31st, 2018 at 1.21530

intermediate term up The intermediate term trend has been UP since Oct 18th, 2018 at 1.22280

short term down The short term trend has been DOWN since Oct 21st, 2018 at 1.20595

Smart Scan Analysis for AUDBGN

Based on a pre-defined weighted trend formula for chart analysis, AUDBGN scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for AUDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.21025 1.21145 1.20945 1.21080 +0.00055
Prev. Close Volume Bid Ask Time
1.21025 1.21080 1.21080 2018-10-24 02:00:06
Want to analyze Australian Dollar/Bulgarian Lev AUDBGN or another symbol? Try our Free Forex Trend Analysis Report.