Forex Trend Analysis Report
Prepared for you on Monday, July 22, 2019.
British Pound/Bulgarian Lev (FOREX:GBPBGN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 GBPBGN
The long term trend has been DOWN since May 24th, 2019 at 2.21220
The intermediate term trend has been DOWN since May 14th, 2019 at 2.25375
The short term trend has been UP since Jul 18th, 2019 at 2.18105
Smart Scan Analysis for GBPBGN
Based on a pre-defined weighted trend formula for chart analysis, GBPBGN scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).