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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.

FOREX_EURBGN
Open High Low EURBGN Price Change
1.95630 1.95655 1.95515 1.95620 -0.00010
Entry Signal

MarketClub’s Trade Triangles for EURBGN

long term up The long term trend has been UP since Aug 10th, 2018 at 1.96715

intermediate term up The intermediate term trend has been UP since Mar 12th, 2019 at 1.95780

short term down 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).

+85
Smart Scan Analysis for EURBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.95630 1.95655 1.95515 1.95620 -0.00010
Prev. Close Volume Bid Ask Time
1.95630 1.94870 1.96370 2019-03-21 23:25:13
Want to analyze Euro/Bulgarian Lev EURBGN or another symbol? Try our Free Forex Trend Analysis Report.