Forex Trend Analysis Report
Prepared for you on Tuesday, July 25, 2017.
Bulgarian Lev/Polish New Zloty (FOREX:BGNPLN)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 Dec 5th, 2016 at 2.18015
The intermediate term trend has been UP since Jul 21st, 2017 at 2.17485
The short term trend has been UP since Jul 20th, 2017 at 2.15565
Smart Scan Analysis for BGNPLN
Based on a pre-defined weighted trend formula for chart analysis, BGNPLN scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).