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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.

FOREX_AUDBGN
Open High Low AUDBGN Price Change
1.2069181 1.2094465 1.2055063 1.2084676 +0.0015500
Entry Signal

MarketClub’s Trade Triangles for AUDBGN

long term up The long term trend has been UP since Dec 31st, 2019 at 1.2296500

intermediate term up The intermediate term trend has been UP since Dec 20th, 2019 at 1.2153755

short term down 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).

+65
Smart Scan Analysis for AUDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2069181 1.2094465 1.2055063 1.2084676 +0.0015500
Prev. Close Volume Bid Ask Time
1.2069181 1.2084235 1.2085117 2020-01-22 08:45:50
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