Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Thursday, February 22, 2018.

US Dollar/Bulgarian Lev (FOREX:USDBGN)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
1.592530 1.594850 1.583535 1.588450 -0.004080
Entry Signal

MarketClub’s Trade Triangles for USDBGN

long term down The long term trend has been DOWN since Jan 1st, 2018 at 1.62680

intermediate term down The intermediate term trend has been DOWN since Dec 27th, 2017 at 1.64418

short term up The short term trend has been UP since Feb 20th, 2018 at 1.58120

Smart Scan Analysis for USDBGN

Based on a pre-defined weighted trend formula for chart analysis, USDBGN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for USDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.592530 1.594850 1.583535 1.588450 -0.004080
Prev. Close Volume Bid Ask Time
1.592530 1.582400 1.594500 2018-02-22 23:28:10
Want to analyze US Dollar/Bulgarian Lev USDBGN or another symbol? Try our Free Forex Trend Analysis Report.