Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
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.
MarketClub’s Trade Triangles for EURBGN
The long term trend has been UP since May 16th, 2018 at 1.96515
The intermediate term trend has been UP since Jun 21st, 2018 at 1.96395
The short term trend has been DOWN since Jul 16th, 2018 at 1.95535
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).