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Forex Trend Analysis Report

Prepared for you on Friday, October 4, 2024.

Canadian Dollar/Bulgarian Lev (FOREX:CADBGN)

Crossroads (+60) - CADBGN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
1.3081885 1.3181452 1.3066294 1.3123211 +0.0041330
Entry Signal

MarketClub’s Trade Triangles for CADBGN

long term down The long-term trend has been DOWN since Mar 8th, 2024 at 1.3230247

intermediate term up The intermediate-term trend has been UP since Oct 1st, 2024 at 1.3090660

short term up The short-term trend has been UP since Oct 1st, 2024 at 1.3033516

Smart Scan Analysis for CADBGN

Based on our trend formula, CADBGN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CADBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3081885 1.3181452 1.3066294 1.3123211 +0.0041330
Prev. Close Volume Bid Ask Time
1.3081885 2024-10-04 17:06:52
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