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Forex Trend Analysis Report

Prepared for you on Monday, August 20, 2018.

US Dollar/Bulgarian Lev (FOREX:USDBGN)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

FOREX_USDBGN
Open High Low USDBGN Price Change
1.709500 1.713950 1.709500 1.712505 +0.003005
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 up The intermediate term trend has been UP since Aug 2nd, 2018 at 1.68880

short term down The short term trend has been DOWN since Aug 17th, 2018 at 1.71165

Smart Scan Analysis for USDBGN

Based on a pre-defined weighted trend formula for chart analysis, USDBGN scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for USDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.709500 1.713950 1.709500 1.712505 +0.003005
Prev. Close Volume Bid Ask Time
1.709500 1.705500 1.719510 2018-08-20 05:31:13
Want to analyze US Dollar/Bulgarian Lev USDBGN or another symbol? Try our Free Forex Trend Analysis Report.