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Forex Trend Analysis Report

Prepared for you on Monday, November 30, 2020.

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
1.2575416 1.2637201 1.2569659 1.2608746 +0.0033330
Entry Signal

MarketClub’s Trade Triangles for CADBGN

long term up The long-term trend has been UP since Nov 2nd, 2020 at 1.2709062

intermediate term up The intermediate-term trend has been UP since Oct 8th, 2020 at 1.2603979

short term down The short-term trend has been DOWN since Nov 27th, 2020 at 1.2595585

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
1.2575416 1.2637201 1.2569659 1.2608746 +0.0033330
Prev. Close Volume Bid Ask Time
1.2575416 2020-11-30 18:05:57
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