Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
British Pound/Bulgarian Lev (FOREX:GBPBGN)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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.
MarketClub’s Trade Triangles for GBPBGN
The long term trend has been UP since Jan 24th, 2019 at 2.25910
The intermediate term trend has been UP since Jan 14th, 2019 at 2.19685
The short term trend has been UP since Feb 18th, 2019 at 2.23345
Smart Scan Analysis for GBPBGN
Based on a pre-defined weighted trend formula for chart analysis, GBPBGN scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).