Forex Trend Analysis Report
Prepared for you on Thursday, August 17, 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 1.95300
The intermediate term trend has been DOWN since Aug 8th, 2017 at 1.95200
The short term trend has been DOWN since Aug 15th, 2017 at 1.95375
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).