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.
MarketClub’s Trade Triangles for BGNPLN
The long term trend has been DOWN since Dec 5th, 2016 at 2.18015
The intermediate term trend has been DOWN since Apr 27th, 2017 at 2.15440
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).