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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Canadian Dollar/Bulgarian Lev (FOREX:CADBGN)

Bull Market Weakness (+75) - CADBGN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADBGN as it may be in the beginning stages of a reversal.

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
1.3405238 1.3407161 1.3380748 1.3392015 -0.0013220
Entry Signal

MarketClub’s Trade Triangles for CADBGN

long term down The long-term trend has been DOWN since Mar 8th, 2024 at 1.3230247

intermediate term up The intermediate-term trend has been UP since Mar 28th, 2024 at 1.3333710

short term up The short-term trend has been UP since Mar 20th, 2024 at 1.3297609

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).

+70
Smart Scan Analysis for CADBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3405238 1.3407161 1.3380748 1.3392015 -0.0013220
Prev. Close Volume Bid Ask Time
1.3405238 2024-03-29 11:18:01
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