Forex Trend Analysis Report
Prepared for you on Saturday, August 18, 2018.
Canadian Dollar/Bulgarian Lev (FOREX:CADBGN)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.
MarketClub’s Trade Triangles for CADBGN
The long term trend has been UP since May 9th, 2018 at 1.28175
The intermediate term trend has been UP since Jul 25th, 2018 at 1.27945
The short term trend has been DOWN since Aug 17th, 2018 at 1.30530
Smart Scan Analysis for CADBGN
Based on a pre-defined weighted trend formula for chart analysis, CADBGN scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).