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Forex Trend Analysis Report

Prepared for you on Thursday, October 18, 2018.

Bulgarian Lev/Polish New Zloty (FOREX:BGNPLN)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

Open High Low BGNPLN Price Change
2.19380 2.20385 2.18025 2.19990 +0.00610
Entry Signal

MarketClub’s Trade Triangles for BGNPLN

long term up The long term trend has been UP since Mar 20th, 2018 at 2.16180

intermediate term up The intermediate term trend has been UP since Oct 8th, 2018 at 2.20755

short term down The short term trend has been DOWN since Oct 18th, 2018 at 2.18835

Smart Scan Analysis for BGNPLN

Based on a pre-defined weighted trend formula for chart analysis, BGNPLN scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for BGNPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.19380 2.20385 2.18025 2.19990 +0.00610
Prev. Close Volume Bid Ask Time
2.19380 2.19920 2.20060 2018-10-18 17:54:44
Want to analyze Bulgarian Lev/Polish New Zloty BGNPLN or another symbol? Try our Free Forex Trend Analysis Report.