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Forex Trend Analysis Report

Prepared for you on Monday, June 26, 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.

FOREX_GBPBGN
Open High Low GBPBGN Price Change
2.22785 2.22915 2.22115 2.22165 -0.00620
Entry Signal

MarketClub’s Trade Triangles for GBPBGN

long term down The long term trend has been DOWN since Jun 8th, 2017 at 2.22790

intermediate term down The intermediate term trend has been DOWN since May 16th, 2017 at 2.29345

short term down The short term trend has been DOWN since Jun 20th, 2017 at 2.21570

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).

-100
Smart Scan Analysis for GBPBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.22785 2.22915 2.22115 2.22165 -0.00620
Prev. Close Volume Bid Ask Time
2.22785 2.21720 2.22610 2017-06-26 11:26:41
Want to analyze British Pound/Bulgarian Lev GBPBGN or another symbol? Try our Free Forex Trend Analysis Report.