Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Australian Dollar/Bulgarian Lev (FOREX:AUDBGN)
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 AUDBGN
The long term trend has been UP since Dec 31st, 2019 at 1.2296500
The intermediate term trend has been UP since Dec 20th, 2019 at 1.2153755
The short term trend has been DOWN since Jan 16th, 2020 at 1.2094670
Smart Scan Analysis for AUDBGN
Based on a pre-defined weighted trend formula for chart analysis, AUDBGN scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).