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Forex Trend Analysis Report

Prepared for you on Friday, October 20, 2017.

Euro/Bulgarian Lev (FOREX:EURBGN)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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
1.95610 1.95710 1.95540 1.95635 +0.00025
Entry Signal

MarketClub’s Trade Triangles for EURBGN

long term down The long term trend has been DOWN since Dec 15th, 2016 at 1.95300

intermediate term up The intermediate term trend has been UP since Oct 13th, 2017 at 1.95985

short term down The short term trend has been DOWN since Oct 13th, 2017 at 1.95395

Smart Scan Analysis for EURBGN

Based on a pre-defined weighted trend formula for chart analysis, EURBGN scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for EURBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.95610 1.95710 1.95540 1.95635 +0.00025
Prev. Close Volume Bid Ask Time
1.95610 1.95230 1.96040 2017-10-20 10:24:01
Want to analyze Euro/Bulgarian Lev EURBGN or another symbol? Try our Free Forex Trend Analysis Report.