Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
Bulgarian Lev/Polish New Zloty (FOREX:BGNPLN)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.
MarketClub’s Trade Triangles for BGNPLN
The long term trend has been DOWN since Nov 21st, 2017 at 2.15585
The intermediate term trend has been UP since Feb 8th, 2018 at 2.13805
The short term trend has been DOWN since Feb 12th, 2018 at 2.13110
Smart Scan Analysis for BGNPLN
Based on a pre-defined weighted trend formula for chart analysis, BGNPLN scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).