Forex Trend Analysis Report
Prepared for you on Monday, May 21, 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 Mar 22nd, 2018 at 2.24990
The intermediate term trend has been DOWN since Apr 30th, 2018 at 2.22515
The short term trend has been UP since May 8th, 2018 at 2.22385
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).