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.
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 DOWN since Dec 19th, 2018 at 1.71145
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).