Forex Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
Bulgarian Lev/Polish New Zloty (FOREX:BGNPLN)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.
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 DOWN since Oct 13th, 2017 at 2.17880
The short term trend has been DOWN since Nov 20th, 2017 at 2.16295
Smart Scan Analysis for BGNPLN
Based on a pre-defined weighted trend formula for chart analysis, BGNPLN scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).