Forex Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
Bulgarian Lev/Australian Dollar (FOREX:BGNAUD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 BGNAUD
The long term trend has been UP since May 3rd, 2017 at 0.749100
The intermediate term trend has been UP since Jan 15th, 2018 at 0.789400
The short term trend has been UP since Mar 15th, 2018 at 0.807565
Smart Scan Analysis for BGNAUD
Based on a pre-defined weighted trend formula for chart analysis, BGNAUD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).