Forex Trend Analysis Report
Prepared for you on Friday, March 29, 2024.
Canadian Dollar/Bulgarian Lev (FOREX:CADBGN)
Bull Market Weakness (+75) - CADBGN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADBGN as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for CADBGN
The long-term trend has been DOWN since Mar 8th, 2024 at 1.3230247
The intermediate-term trend has been UP since Mar 28th, 2024 at 1.3333710
The short-term trend has been UP since Mar 20th, 2024 at 1.3297609
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).
Open | High | Low | Price | Change |
---|---|---|---|---|
1.3405238 | 1.3407161 | 1.3380748 | 1.3392015 | -0.0013220 |
Prev. Close | Volume | Bid | Ask | Time |
1.3405238 | 2024-03-29 11:18:01 |