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Forex Trend Analysis Report

Prepared for you on Sunday, December 17, 2017.

Bulgarian Lev/Australian Dollar (FOREX:BGNAUD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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_BGNAUD
Open High Low BGNAUD Price Change
0.786230 0.787755 0.783315 0.786370 +0.000140
Entry Signal

MarketClub’s Trade Triangles for BGNAUD

long term up The long term trend has been UP since May 3rd, 2017 at 0.749100

intermediate term down The intermediate term trend has been DOWN since Dec 13th, 2017 at 0.790295

short term down The short term trend has been DOWN since Dec 12th, 2017 at 0.797705

Smart Scan Analysis for BGNAUD

Based on a pre-defined weighted trend formula for chart analysis, BGNAUD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for BGNAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.786230 0.787755 0.783315 0.786370 +0.000140
Prev. Close Volume Bid Ask Time
0.785875 0.783350 0.789390 2017-12-15 18:37:58
Want to analyze Bulgarian Lev/Australian Dollar BGNAUD or another symbol? Try our Free Forex Trend Analysis Report.