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Forex Trend Analysis Report

Prepared for you on Tuesday, August 20, 2019.

Euro/Bulgarian Lev (FOREX:EURBGN)

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.

FOREX_EURBGN
Open High Low EURBGN Price Change
1.95580 1.95625 1.95530 1.95585 +0.00005
Entry Signal

MarketClub’s Trade Triangles for EURBGN

long term down The long term trend has been DOWN since Jul 12th, 2019 at 1.95360

intermediate term down The intermediate term trend has been DOWN since Jul 12th, 2019 at 1.95475

short term down The short term trend has been DOWN since Aug 15th, 2019 at 1.95505

Smart Scan Analysis for EURBGN

Based on a pre-defined weighted trend formula for chart analysis, EURBGN scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for EURBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.95580 1.95625 1.95530 1.95585 +0.00005
Prev. Close Volume Bid Ask Time
1.95580 1.95170 1.96000 2019-08-20 10:24:51
Want to analyze Euro/Bulgarian Lev EURBGN or another symbol? Try our Free Forex Trend Analysis Report.