Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
British Pound/Bulgarian Lev (FOREX:GBPBGN)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Jun 8th, 2017 at 2.22790
The intermediate term trend has been DOWN since Oct 12th, 2017 at 2.17435
The short term trend has been DOWN since Oct 18th, 2017 at 2.19090
Smart Scan Analysis for GBPBGN
Based on a pre-defined weighted trend formula for chart analysis, GBPBGN scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).