Forex Trend Analysis Report
Prepared for you on Monday, May 1, 2017.
British Pound/Bulgarian Lev (FOREX:GBPBGN)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 UP since Nov 16th, 2016 at 2.34155
The intermediate term trend has been UP since Mar 30th, 2017 at 2.27200
The short term trend has been UP since Apr 27th, 2017 at 2.31065
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).