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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.

FOREX_EURBGN
Open High Low EURBGN Price Change
1.95590 1.95635 1.95305 1.95520 -0.00070
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 down The intermediate term trend has been DOWN since Aug 8th, 2017 at 1.95200

short term down 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).

-100
Smart Scan Analysis for EURBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.95590 1.95635 1.95305 1.95520 -0.00070
Prev. Close Volume Bid Ask Time
1.95590 1.95120 1.95920 2017-08-17 11:18:17
Want to analyze Euro/Bulgarian Lev EURBGN or another symbol? Try our Free Forex Trend Analysis Report.