Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
Canadian Dollar/Bulgarian Lev (FOREX:CADBGN)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Apr 3rd, 2018 at 1.24095
The short term trend has been UP since May 9th, 2018 at 1.27590
Smart Scan Analysis for CADBGN
Based on a pre-defined weighted trend formula for chart analysis, CADBGN scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).