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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Bulgarian Lev/US Dollar (FOREX:BGNUSD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
0.55397583 0.55501353 0.55397583 0.55425939 +0.00028400
Entry Signal

MarketClub’s Trade Triangles for BGNUSD

long term down The long term trend has been DOWN since Feb 7th, 2020 at 0.56194455

intermediate term down The intermediate term trend has been DOWN since Jan 20th, 2020 at 0.56688037

short term down The short term trend has been DOWN since Feb 5th, 2020 at 0.56373528

Smart Scan Analysis for BGNUSD

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

-100
Smart Scan Analysis for BGNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.55397583 0.55501353 0.55397583 0.55425939 +0.00028400
Prev. Close Volume Bid Ask Time
0.55413556 0.55213405 0.55638473 2020-02-14 15:25:39
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