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Forex Trend Analysis Report

Prepared for you on Wednesday, May 23, 2018.

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
1.95600 1.95655 1.95495 1.95615 +0.00015
Entry Signal

MarketClub’s Trade Triangles for EURBGN

long term up The long term trend has been UP since May 16th, 2018 at 1.96515

intermediate term up The intermediate term trend has been UP since May 16th, 2018 at 1.96515

short term down The short term trend has been DOWN since May 21st, 2018 at 1.95530

Smart Scan Analysis for EURBGN

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

+75
Smart Scan Analysis for EURBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.95600 1.95655 1.95495 1.95615 +0.00015
Prev. Close Volume Bid Ask Time
1.95600 1.95200 1.96030 2018-05-23 06:58:36
Want to analyze Euro/Bulgarian Lev EURBGN or another symbol? Try our Free Forex Trend Analysis Report.