Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Canadian Dollar/Bulgarian Lev (FOREX:CADBGN)
Long-Term Uptrend (+90) - CADBGN is in a strong uptrend that is likely to continue. While CADBGN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for CADBGN
The long-term trend has been UP since Jan 20th, 2021 at 1.2776771
The intermediate-term trend has been UP since Jan 12th, 2021 at 1.2621467
The short-term trend has been UP since Feb 12th, 2021 at 1.2736285
Smart Scan Analysis for CADBGN
Based on our trend formula, CADBGN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).