Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
Bulgarian Lev/Chinese Renminbi Yuan (FOREX:BGNCNY)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 BGNCNY
The long term trend has been UP since Jul 2nd, 2018 at 3.98180
The intermediate term trend has been DOWN since Aug 10th, 2018 at 3.98775
The short term trend has been UP since Aug 15th, 2018 at 4.02310
Smart Scan Analysis for BGNCNY
Based on a pre-defined weighted trend formula for chart analysis, BGNCNY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).