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Forex Trend Analysis Report

Prepared for you on Friday, May 26, 2017.

Bulgarian Lev/Polish New Zloty (FOREX:BGNPLN)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_BGNPLN
Open High Low BGNPLN Price Change
2.13460 2.14040 2.13235 2.13700 +0.00240
Entry Signal

MarketClub’s Trade Triangles for BGNPLN

long term down The long term trend has been DOWN since Dec 5th, 2016 at 2.18015

intermediate term down The intermediate term trend has been DOWN since Apr 27th, 2017 at 2.15440

short term down The short term trend has been DOWN since May 22nd, 2017 at 2.14265

Smart Scan Analysis for BGNPLN

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

-100
Smart Scan Analysis for BGNPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.13460 2.14040 2.13235 2.13700 +0.00240
Prev. Close Volume Bid Ask Time
2.13460 2.13640 2.13760 2017-05-26 12:43:41
Want to analyze Bulgarian Lev/Polish New Zloty BGNPLN or another symbol? Try our Free Forex Trend Analysis Report.