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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.

FOREX_GBPBGN
Open High Low GBPBGN Price Change
2.23815 2.23880 2.22895 2.22995 -0.00820
Entry Signal

MarketClub’s Trade Triangles for GBPBGN

long term up The long term trend has been UP since Jan 24th, 2019 at 2.25910

intermediate term down The intermediate term trend has been DOWN since May 14th, 2019 at 2.25375

short term down 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).

-60
Smart Scan Analysis for GBPBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.23815 2.23880 2.22895 2.22995 -0.00820
Prev. Close Volume Bid Ask Time
2.23000 2.22140 2.23850 2019-05-17 18:02:50
Want to analyze British Pound/Bulgarian Lev GBPBGN or another symbol? Try our Free Forex Trend Analysis Report.