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.
MarketClub’s Trade Triangles for CADBGN
The long-term trend has been UP since Nov 2nd, 2020 at 1.2709062
The intermediate-term trend has been UP since Oct 8th, 2020 at 1.2603979
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).