Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Canadian Dollar/Bulgarian Lev (FOREX:CADBGN)
Strong Uptrend (+100) - CADBGN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CADBGN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Oct 4th, 2021 at 1.3391430
The intermediate-term trend has been UP since Sep 24th, 2021 at 1.3195242
The short-term trend has been UP since Oct 22nd, 2021 at 1.3649645
Smart Scan Analysis for CADBGN
Based on our trend formula, CADBGN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).