Forex Trend Analysis Report
Prepared for you on Friday, February 23, 2018.
British Pound/Bulgarian Lev (FOREX:GBPBGN)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management 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 GBPBGN
The long term trend has been UP since Nov 1st, 2017 at 2.23575
The intermediate term trend has been DOWN since Feb 6th, 2018 at 2.19595
The short term trend has been UP since Feb 16th, 2018 at 2.20785
Smart Scan Analysis for GBPBGN
Based on a pre-defined weighted trend formula for chart analysis, GBPBGN scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).