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.
MarketClub’s Trade Triangles for AUDBGN
The long term trend has been DOWN since Aug 31st, 2018 at 1.21530
The intermediate term trend has been UP since Oct 18th, 2018 at 1.22280
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).