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Forex Trend Analysis Report

Prepared for you on Thursday, June 21, 2018.

Bulgarian Lev/Chinese Renminbi Yuan (FOREX:BGNCNY)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_BGNCNY
Open High Low BGNCNY Price Change
3.83600 3.84325 3.82755 3.83580 -0.00020
Entry Signal

MarketClub’s Trade Triangles for BGNCNY

long term down The long term trend has been DOWN since Apr 26th, 2018 at 3.9262

intermediate term up The intermediate term trend has been UP since Jun 11th, 2018 at 3.8675

short term up The short term trend has been UP since Jun 19th, 2018 at 3.8361

Smart Scan Analysis for BGNCNY

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

+70
Smart Scan Analysis for BGNCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.83600 3.84325 3.82755 3.83580 -0.00020
Prev. Close Volume Bid Ask Time
3.83600 3.83410 3.83750 2018-06-21 09:52:55
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