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Forex Trend Analysis Report

Prepared for you on Thursday, December 12, 2019.

Bulgarian Lev/US Dollar (FOREX:BGNUSD)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.

FOREX_BGNUSD
Open High Low BGNUSD Price Change
0.56947867 0.56947867 0.56798565 0.56798565 -0.00149300
Entry Signal

MarketClub’s Trade Triangles for BGNUSD

long term down The long term trend has been DOWN since May 1st, 2018 at 0.61674000

intermediate term up The intermediate term trend has been UP since Dec 2nd, 2019 at 0.56662728

short term up The short term trend has been UP since Dec 12th, 2019 at 0.56734997

Smart Scan Analysis for BGNUSD

Based on a pre-defined weighted trend formula for chart analysis, BGNUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for BGNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.56947867 0.56947867 0.56798565 0.56798565 -0.00149300
Prev. Close Volume Bid Ask Time
0.56947867 0.56580757 0.57016373 2019-12-12 13:39:18
Want to analyze Bulgarian Lev/US Dollar BGNUSD or another symbol? Try our Free Forex Trend Analysis Report.