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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 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.

FOREX_EURBGN
Open High Low EURBGN Price Change
1.95570 1.95635 1.95545 1.95605 +0.00035
Entry Signal

MarketClub’s Trade Triangles for EURBGN

long term up The long term trend has been UP since Apr 2nd, 2019 at 1.96050

intermediate term up The intermediate term trend has been UP since May 23rd, 2019 at 1.96360

short term down The short term trend has been DOWN since Jun 11th, 2019 at 1.95505

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).

+85
Smart Scan Analysis for EURBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.95570 1.95635 1.95545 1.95605 +0.00035
Prev. Close Volume Bid Ask Time
1.95570 1.95190 1.96020 2019-06-19 11:20:49
Want to analyze Euro/Bulgarian Lev EURBGN or another symbol? Try our Free Forex Trend Analysis Report.