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.
MarketClub’s Trade Triangles for USDBGN
The long term trend has been UP since May 1st, 2018 at 1.622020
The intermediate term trend has been UP since Oct 2nd, 2018 at 1.694585
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).