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Forex Trend Analysis Report

Prepared for you on Friday, December 15, 2017.

Euro/Bulgarian Lev (FOREX:EURBGN)

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.

FOREX_EURBGN
Open High Low EURBGN Price Change
1.9560 1.9568 1.9555 1.9559 -0.0001
Entry Signal

MarketClub’s Trade Triangles for EURBGN

long term up The long term trend has been UP since Nov 2nd, 2017 at 1.96210

intermediate term up The intermediate term trend has been UP since Nov 2nd, 2017 at 1.96150

short term up The short term trend has been UP since Dec 15th, 2017 at 1.95665

Smart Scan Analysis for EURBGN

Based on a pre-defined weighted trend formula for chart analysis, EURBGN scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for EURBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.9560 1.9568 1.9555 1.9559 -0.0001
Prev. Close Volume Bid Ask Time
1.9560 1.9484 1.9634 2017-12-15 15:57:46
Want to analyze Euro/Bulgarian Lev EURBGN or another symbol? Try our Free Forex Trend Analysis Report.