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.
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 UP since Oct 8th, 2018 at 2.20755
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).