Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Euro/Bulgarian Lev (FOREX:EURBGN)
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 EURBGN
The long term trend has been UP since Jan 7th, 2020 at 1.9597
The intermediate term trend has been UP since Jan 7th, 2020 at 1.9580
The short term trend has been DOWN since Jan 13th, 2020 at 1.9557
Smart Scan Analysis for EURBGN
Based on a pre-defined weighted trend formula for chart analysis, EURBGN scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).