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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.

Open High Low GBPBGN Price Change
2.21740 2.22555 2.21705 2.22390 +0.00650
Entry Signal

MarketClub’s Trade Triangles for GBPBGN

long term up The long term trend has been UP since Nov 1st, 2017 at 2.23575

intermediate term down The intermediate term trend has been DOWN since Feb 6th, 2018 at 2.19595

short term up 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).

Smart Scan Analysis for GBPBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.21740 2.22555 2.21705 2.22390 +0.00650
Prev. Close Volume Bid Ask Time
2.21740 2.21920 2.22860 2018-02-23 13:21:51
Want to analyze British Pound/Bulgarian Lev GBPBGN or another symbol? Try our Free Forex Trend Analysis Report.