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Forex Trend Analysis Report

Prepared for you on Saturday, August 18, 2018.

Bulgarian Lev/US Dollar (FOREX:BGNUSD)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.

FOREX_BGNUSD
Open High Low BGNUSD Price Change
0.581815 0.585130 0.580750 0.584880 +0.003065
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 down The intermediate term trend has been DOWN since Aug 3rd, 2018 at 0.592145

short term up The short term trend has been UP since Aug 17th, 2018 at 0.584215

Smart Scan Analysis for BGNUSD

Based on a pre-defined weighted trend formula for chart analysis, BGNUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for BGNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.581815 0.585130 0.580750 0.584880 +0.003065
Prev. Close Volume Bid Ask Time
0.581815 0.582640 0.587120 2018-08-17 17:58:56
Want to analyze Bulgarian Lev/US Dollar BGNUSD or another symbol? Try our Free Forex Trend Analysis Report.