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Forex Trend Analysis Report
Prepared for you on Friday, October 4, 2024.
Canadian Dollar/Bulgarian Lev (FOREX:CADBGN)
Crossroads (+60) - CADBGN is struggling to move into a solid trend. Beware of choppy markets 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.
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MarketClub’s Trade Triangles for CADBGN
The long-term trend has been DOWN since Mar 8th, 2024 at 1.3230247
The intermediate-term trend has been UP since Oct 1st, 2024 at 1.3090660
The short-term trend has been UP since Oct 1st, 2024 at 1.3033516
Smart Scan Analysis for CADBGN
Based on our trend formula, CADBGN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3081885 | 1.3181452 | 1.3066294 | 1.3123211 | +0.0041330 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3081885 | 2024-10-04 17:06:52 |