Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 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
1.3097400 1.3099133 1.3026035 1.3040056 -0.0057340
Entry Signal

MarketClub’s Trade Triangles for CADBGN

long term up The long-term trend has been UP since Nov 8th, 2024 at 1.3181452

intermediate term down The intermediate-term trend has been DOWN since Dec 6th, 2024 at 1.3102166

short term up The short-term trend has been UP since Dec 25th, 2024 at 1.3121369

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
1.3097400 1.3099133 1.3026035 1.3040056 -0.0057340
Prev. Close Volume Bid Ask Time
1.3097400 2024-12-26 18:15:19
Get a free daily analysis and signals for Canadian Dollar/Bulgarian Lev (CADBGN) - Request Your Free Report.