Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
Bulgarian Lev/Australian Dollar (FOREX:BGNAUD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 BGNAUD
The long term trend has been UP since May 13th, 2019 at 0.824155
The intermediate term trend has been UP since Jun 10th, 2019 at 0.830910
The short term trend has been DOWN since Jun 18th, 2019 at 0.831950
Smart Scan Analysis for BGNAUD
Based on a pre-defined weighted trend formula for chart analysis, BGNAUD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).