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.
MarketClub’s Trade Triangles for GBPBGN
The long term trend has been DOWN since Jun 8th, 2017 at 2.2279
The intermediate term trend has been DOWN since Jul 20th, 2017 at 2.1875
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).