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Forex Trend Analysis Report

Prepared for you on Monday, January 21, 2019.

US Dollar/Bulgarian Lev (FOREX:USDBGN)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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
1.72119 1.72447 1.71800 1.72063 -0.00056
Entry Signal

MarketClub’s Trade Triangles for USDBGN

long term up The long term trend has been UP since May 1st, 2018 at 1.62202

intermediate term down The intermediate term trend has been DOWN since Dec 19th, 2018 at 1.71145

short term up The short term trend has been UP since Jan 14th, 2019 at 1.70640

Smart Scan Analysis for USDBGN

Based on a pre-defined weighted trend formula for chart analysis, USDBGN scored +65 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
1.72119 1.72447 1.71800 1.72063 -0.00056
Prev. Close Volume Bid Ask Time
1.72119 1.71379 1.72747 2019-01-21 16:50:54
Want to analyze US Dollar/Bulgarian Lev USDBGN or another symbol? Try our Free Forex Trend Analysis Report.