Forex Trend Analysis Report
Prepared for you on Saturday, February 17, 2018.
Canadian Dollar/Bulgarian Lev (FOREX:CADBGN)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 DOWN since Oct 25th, 2017 at 1.29765
The intermediate term trend has been DOWN since Feb 2nd, 2018 at 1.26935
The short term trend has been DOWN since Feb 13th, 2018 at 1.26070
Smart Scan Analysis for CADBGN
Based on a pre-defined weighted trend formula for chart analysis, CADBGN scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).