Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Bulgarian Lev/Chinese Renminbi Yuan (FOREX:BGNCNY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 Jan 15th, 2018 at 4.03390
The intermediate term trend has been UP since Feb 14th, 2018 at 4.04595
The short term trend has been DOWN since Mar 19th, 2018 at 3.97055
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).