Forex Trend Analysis Report
Prepared for you on Thursday, May 25, 2017.
Euro/Bulgarian Lev (FOREX:EURBGN)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 1.9530
The intermediate term trend has been DOWN since Apr 24th, 2017 at 1.9532
The short term trend has been DOWN since May 23rd, 2017 at 1.9542
Smart Scan Analysis for EURBGN
Based on a pre-defined weighted trend formula for chart analysis, EURBGN scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).