Forex Trend Analysis Report
Prepared for you on Wednesday, June 7, 2023.
Canadian Dollar/Bulgarian Lev (FOREX:CADBGN)
Long-Term Uptrend (+90) - CADBGN is in a strong uptrend that is likely to continue. While CADBGN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Jun 2nd, 2023 at 1.3597428
The intermediate-term trend has been UP since May 15th, 2023 at 1.3366178
The short-term trend has been UP since May 29th, 2023 at 1.3426403
Smart Scan Analysis for CADBGN
Based on our trend formula, CADBGN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).