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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

Canadian Dollar/Bulgarian Lev (FOREX:CADBGN)

Weak Downtrend (-65) - CADBGN is showing signs of a strengthening downtrend. Monitor CADBGN as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CADBGN?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADBGN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADBGN
Open High Low CADBGN Price Change
1.2820303 1.2829390 1.2813153 1.2822059 +0.0001760
Entry Signal

MarketClub’s Trade Triangles for CADBGN

long term down The long-term trend has been DOWN since Feb 27th, 2020 at 1.3235230

intermediate term down The intermediate-term trend has been DOWN since May 1st, 2020 at 1.2656409

short term down The short-term trend has been DOWN since May 12th, 2020 at 1.2818749

Smart Scan Analysis for CADBGN

Based on our trend formula, CADBGN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CADBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2820303 1.2829390 1.2813153 1.2822059 +0.0001760
Prev. Close Volume Bid Ask Time
1.2820303 1.2821188 1.2822929 2020-05-25 04:43:21
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