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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.
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MarketClub’s Trade Triangles for BGNUSD
The long term trend has been DOWN since Feb 7th, 2020 at 0.56194455
The intermediate term trend has been DOWN since Jan 20th, 2020 at 0.56688037
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).
| 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 |