Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Friday, August 18, 2017.

British Pound/Bulgarian Lev (FOREX:GBPBGN)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.

FOREX_GBPBGN
Open High Low GBPBGN Price Change
2.14735 2.15335 2.13750 2.14060 -0.00675
Entry Signal

MarketClub’s Trade Triangles for GBPBGN

long term down The long term trend has been DOWN since Jun 8th, 2017 at 2.2279

intermediate term down The intermediate term trend has been DOWN since Jul 20th, 2017 at 2.1875

short term down The short term trend has been DOWN since Aug 11th, 2017 at 2.1521

Smart Scan Analysis for GBPBGN

Based on a pre-defined weighted trend formula for chart analysis, GBPBGN scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for GBPBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.14735 2.15335 2.13750 2.14060 -0.00675
Prev. Close Volume Bid Ask Time
2.14735 2.13240 2.14880 2017-08-18 18:52:11
Want to analyze British Pound/Bulgarian Lev GBPBGN or another symbol? Try our Free Forex Trend Analysis Report.