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Forex Trend Analysis Report

Prepared for you on Friday, November 16, 2018.

British Pound/Bulgarian Lev (FOREX:GBPBGN)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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.

Open High Low GBPBGN Price Change
2.20740 2.21555 2.19735 2.19825 -0.00915
Entry Signal

MarketClub’s Trade Triangles for GBPBGN

long term up The long term trend has been UP since Oct 5th, 2018 at 2.22280

intermediate term up The intermediate term trend has been UP since Nov 7th, 2018 at 2.24385

short term down The short term trend has been DOWN since Nov 15th, 2018 at 2.22975

Smart Scan Analysis for GBPBGN

Based on a pre-defined weighted trend formula for chart analysis, GBPBGN scored +55 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
2.20740 2.21555 2.19735 2.19825 -0.00915
Prev. Close Volume Bid Ask Time
2.20740 2.18980 2.20670 2018-11-16 17:48:31
Want to analyze British Pound/Bulgarian Lev GBPBGN or another symbol? Try our Free Forex Trend Analysis Report.