Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Canadian Dollar/Bulgarian Lev (FOREX:CADBGN)
Weak Downtrend (-65) - CADBGN is showing signs of a strengthening downtrend. Monitor CADBGN as it may be building momentum to the downside.
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 DOWN since Feb 27th, 2020 at 1.3235230
The intermediate-term trend has been DOWN since May 1st, 2020 at 1.2656409
The short-term trend has been DOWN since May 12th, 2020 at 1.2818749
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).