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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Canadian Dollar/Bulgarian Lev (FOREX:CADBGN)

Weak Downtrend (-65) - CADBGN is showing signs of a strengthening downtrend. Monitor CADBGN as it may be building momentum to the downside.

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.

FOREX_CADBGN
Open High Low CADBGN Price Change
1.3279457 1.3291442 1.3262111 1.3291344 +0.0011890
Entry Signal

MarketClub’s Trade Triangles for CADBGN

long term down The long-term trend has been DOWN since Mar 8th, 2024 at 1.3230247

intermediate term down The intermediate-term trend has been DOWN since Feb 20th, 2024 at 1.3367411

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 1.3250653

Smart Scan Analysis for CADBGN

Based on our trend formula, CADBGN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CADBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3279457 1.3291442 1.3262111 1.3291344 +0.0011890
Prev. Close Volume Bid Ask Time
1.3279457 2024-03-19 06:11:33
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