Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Euro/Bulgarian Lev (FOREX:EURBGN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 EURBGN
The long term trend has been UP since Aug 10th, 2018 at 1.96715
The intermediate term trend has been UP since Mar 12th, 2019 at 1.95780
The short term trend has been DOWN since Mar 20th, 2019 at 1.95460
Smart Scan Analysis for EURBGN
Based on a pre-defined weighted trend formula for chart analysis, EURBGN scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).