Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
Bulgarian Lev/Polish New Zloty (FOREX:BGNPLN)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.
MarketClub’s Trade Triangles for BGNPLN
The long term trend has been UP since Mar 20th, 2018 at 2.16180
The intermediate term trend has been DOWN since Dec 3rd, 2018 at 2.19020
The short term trend has been UP since Dec 6th, 2018 at 2.19285
Smart Scan Analysis for BGNPLN
Based on a pre-defined weighted trend formula for chart analysis, BGNPLN scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).