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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

Canadian Dollar/Bulgarian Lev (FOREX:CADBGN)

Sidelines Mode (-55) - CADBGN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
1.3372229 1.3405586 1.3351043 1.3405439 +0.0033210
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 down The intermediate-term trend has been DOWN since Apr 9th, 2024 at 1.3235889

short term up The short-term trend has been UP since Apr 19th, 2024 at 1.3362675

Smart Scan Analysis for CADBGN

Based on our trend formula, CADBGN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CADBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3372229 1.3405586 1.3351043 1.3405439 +0.0033210
Prev. Close Volume Bid Ask Time
1.3372229 2024-04-22 08:26:23
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