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Forex Trend Analysis Report

Prepared for you on Saturday, December 7, 2019.

US Dollar/Bulgarian Lev (FOREX:USDBGN)

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.

FOREX_USDBGN
Open High Low USDBGN Price Change
1.7606782 1.7710000 1.7595101 1.7660684 +0.0053900
Entry Signal

MarketClub’s Trade Triangles for USDBGN

long term up The long term trend has been UP since May 1st, 2018 at 1.6220200

intermediate term down The intermediate term trend has been DOWN since Dec 3rd, 2019 at 1.7631838

short term down The short term trend has been DOWN since Dec 6th, 2019 at 1.7602999

Smart Scan Analysis for USDBGN

Based on a pre-defined weighted trend formula for chart analysis, USDBGN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for USDBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7606782 1.7710000 1.7595101 1.7660684 +0.0053900
Prev. Close Volume Bid Ask Time
1.7660684 1.7561500 1.7759867 2019-12-06 18:56:25
Want to analyze US Dollar/Bulgarian Lev USDBGN or another symbol? Try our Free Forex Trend Analysis Report.