Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Canadian Dollar/Bulgarian Lev (FOREX:CADBGN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CADBGN
The long term trend has been UP since Jun 19th, 2019 at 1.3125500
The intermediate term trend has been UP since Dec 18th, 2019 at 1.3408655
The short term trend has been DOWN since Jan 22nd, 2020 at 1.3462267
Smart Scan Analysis for CADBGN
Based on a pre-defined weighted trend formula for chart analysis, CADBGN scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).