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Forex Trend Analysis Report

Prepared for you on Thursday, November 15, 2018.

US Dollar/Bulgarian Lev (FOREX:USDBGN)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

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 USDBGN Price Change
1.72864 1.73430 1.72210 1.72548 -0.00316
Entry Signal

MarketClub’s Trade Triangles for USDBGN

long term up The long term trend has been UP since May 1st, 2018 at 1.622020

intermediate term up The intermediate term trend has been UP since Oct 2nd, 2018 at 1.694585

short term down The short term trend has been DOWN since Nov 14th, 2018 at 1.725400

Smart Scan Analysis for USDBGN

Based on a pre-defined weighted trend formula for chart analysis, USDBGN scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for USDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.72864 1.73430 1.72210 1.72548 -0.00316
Prev. Close Volume Bid Ask Time
1.72864 1.71527 1.73569 2018-11-15 22:10:57
Want to analyze US Dollar/Bulgarian Lev USDBGN or another symbol? Try our Free Forex Trend Analysis Report.