Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
Euro/Bulgarian Lev (FOREX:EURBGN)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
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 Aug 10th, 2018 at 1.96715
The intermediate term trend has been DOWN since Nov 1st, 2018 at 1.95450
The short term trend has been DOWN since Nov 12th, 2018 at 1.95535
Smart Scan Analysis for EURBGN
Based on a pre-defined weighted trend formula for chart analysis, EURBGN scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).