Forex Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
Euro/Bulgarian Lev (FOREX:EURBGN)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 Mar 5th, 2018 at 1.95250
The intermediate term trend has been DOWN since Mar 5th, 2018 at 1.95490
The short term trend has been UP since Mar 15th, 2018 at 1.95665
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).