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Forex Trend Analysis Report

Prepared for you on Thursday, January 17, 2019.

Bulgarian Lev/US Dollar (FOREX:BGNUSD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

FOREX_BGNUSD
Open High Low BGNUSD Price Change
0.582485 0.583125 0.581345 0.582390 -0.000095
Entry Signal

MarketClub’s Trade Triangles for BGNUSD

long term down The long term trend has been DOWN since May 1st, 2018 at 0.616740

intermediate term up The intermediate term trend has been UP since Dec 19th, 2018 at 0.584310

short term down The short term trend has been DOWN since Jan 14th, 2019 at 0.586115

Smart Scan Analysis for BGNUSD

Based on a pre-defined weighted trend formula for chart analysis, BGNUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for BGNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.582485 0.583125 0.581345 0.582390 -0.000095
Prev. Close Volume Bid Ask Time
0.582485 0.580160 0.584620 2019-01-17 19:52:25
Want to analyze Bulgarian Lev/US Dollar BGNUSD or another symbol? Try our Free Forex Trend Analysis Report.