Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

Bulgarian Lev/Australian Dollar (FOREX:BGNAUD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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_BGNAUD
Open High Low BGNAUD Price Change
0.8285567 0.8295270 0.8268185 0.8274701 -0.0010870
Entry Signal

MarketClub’s Trade Triangles for BGNAUD

long term down The long term trend has been DOWN since Dec 31st, 2019 at 0.8132500

intermediate term down The intermediate term trend has been DOWN since Dec 20th, 2019 at 0.8227911

short term up The short term trend has been UP since Jan 16th, 2020 at 0.8268106

Smart Scan Analysis for BGNAUD

Based on a pre-defined weighted trend formula for chart analysis, BGNAUD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for BGNAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8285567 0.8295270 0.8268185 0.8274701 -0.0010870
Prev. Close Volume Bid Ask Time
0.8285567 0.8274399 0.8275003 2020-01-22 08:44:35
Get a free daily report for Bulgarian Lev/Australian Dollar (BGNAUD) - Free Trend Analysis Report.