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.
MarketClub’s Trade Triangles for AUDBGN
The long term trend has been UP since May 25th, 2018 at 1.26825
The intermediate term trend has been DOWN since Jun 18th, 2018 at 1.24640
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).