Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
Bulgarian Lev/Polish New Zloty (FOREX:BGNPLN)
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 BGNPLN
The long term trend has been DOWN since Apr 10th, 2019 at 2.17785
The intermediate term trend has been UP since May 13th, 2019 at 2.19985
The short term trend has been DOWN since May 16th, 2019 at 2.19705
Smart Scan Analysis for BGNPLN
Based on a pre-defined weighted trend formula for chart analysis, BGNPLN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).