Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
US Dollar/Bulgarian Lev (FOREX:USDBGN)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. 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 USDBGN
The long term trend has been UP since May 1st, 2018 at 1.62202
The intermediate term trend has been UP since Apr 5th, 2018 at 1.59789
The short term trend has been UP since May 23rd, 2018 at 1.66810
Smart Scan Analysis for USDBGN
Based on a pre-defined weighted trend formula for chart analysis, USDBGN scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).