Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
British Pound/Bulgarian Lev (FOREX:GBPBGN)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since Jan 24th, 2019 at 2.25910
The intermediate term trend has been DOWN since May 14th, 2019 at 2.25375
The short term trend has been DOWN since May 8th, 2019 at 2.27750
Smart Scan Analysis for GBPBGN
Based on a pre-defined weighted trend formula for chart analysis, GBPBGN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).