Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Bulgarian Lev/US Dollar (FOREX:BGNUSD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.
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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 DOWN since Jul 23rd, 2019 at 0.571755
The short term trend has been DOWN since Aug 12th, 2019 at 0.571710
Smart Scan Analysis for BGNUSD
Based on a pre-defined weighted trend formula for chart analysis, BGNUSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.567525 | 0.567835 | 0.565910 | 0.567065 | -0.000460 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.567525 | 0.564890 | 0.569240 | 2019-08-16 17:27:34 |