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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.

Open High Low CADBGN Price Change
1.30285 1.30435 1.29955 1.30165 -0.00120
Entry Signal

MarketClub’s Trade Triangles for CADBGN

long term up The long term trend has been UP since May 9th, 2018 at 1.28175

intermediate term up The intermediate term trend has been UP since Sep 28th, 2018 at 1.29945

short term down 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).

Smart Scan Analysis for CADBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.30285 1.30435 1.29955 1.30165 -0.00120
Prev. Close Volume Bid Ask Time
1.30285 1.30160 1.30170 2018-10-23 09:54:19
Want to analyze Canadian Dollar/Bulgarian Lev CADBGN or another symbol? Try our Free Forex Trend Analysis Report.