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Forex Trend Analysis Report

Prepared for you on Saturday, February 16, 2019.

Australian Dollar/Bulgarian Lev (FOREX:AUDBGN)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
1.22895 1.23875 1.22805 1.23795 +0.00900
Entry Signal

MarketClub’s Trade Triangles for AUDBGN

long term down The long term trend has been DOWN since Jan 1st, 2019 at 1.19545

intermediate term down The intermediate term trend has been DOWN since Feb 7th, 2019 at 1.21920

short term up The short term trend has been UP since Feb 12th, 2019 at 1.22805

Smart Scan Analysis for AUDBGN

Based on a pre-defined weighted trend formula for chart analysis, AUDBGN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for AUDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.22895 1.23875 1.22805 1.23795 +0.00900
Prev. Close Volume Bid Ask Time
1.22895 1.23760 1.23830 2019-02-15 18:25:35
Want to analyze Australian Dollar/Bulgarian Lev AUDBGN or another symbol? Try our Free Forex Trend Analysis Report.