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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Canadian Dollar/Bulgarian Lev (FOREX:CADBGN)
Long-Term Downtrend (-90) - CADBGN is in a strong downtrend that is likely to continue. While CADBGN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CADBGN?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADBGN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADBGN
The long-term trend has been DOWN since Mar 8th, 2024 at 1.3230247
The intermediate-term trend has been DOWN since Apr 9th, 2024 at 1.3235889
The short-term trend has been DOWN since Apr 30th, 2024 at 1.3334555
Smart Scan Analysis for CADBGN
Based on our trend formula, CADBGN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3265070 | 1.3293893 | 1.3250492 | 1.3263047 | -0.0002020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3265070 | 2024-05-09 12:57:49 |