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.
MarketClub’s Trade Triangles for EURBGN
The long term trend has been DOWN since Dec 15th, 2016 at 1.95300
The intermediate term trend has been UP since Oct 13th, 2017 at 1.95985
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).