Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Canadian Dollar/Bulgarian Lev (FOREX:CADBGN)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.
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 Sep 28th, 2018 at 1.29945
The short term trend has been DOWN since Oct 19th, 2018 at 1.29895
Smart Scan Analysis for CADBGN
Based on a pre-defined weighted trend formula for chart analysis, CADBGN scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).