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.
MarketClub’s Trade Triangles for AUDBGN
The long term trend has been DOWN since Jan 1st, 2019 at 1.19545
The intermediate term trend has been DOWN since Feb 7th, 2019 at 1.21920
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).