Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Bulgarian Lev/US Dollar (FOREX:BGNUSD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 BGNUSD
The long term trend has been DOWN since May 1st, 2018 at 0.616740
The intermediate term trend has been UP since Mar 20th, 2019 at 0.583800
The short term trend has been DOWN since Mar 22nd, 2019 at 0.579605
Smart Scan Analysis for BGNUSD
Based on a pre-defined weighted trend formula for chart analysis, BGNUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).