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Forex Trend Analysis Report

Prepared for you on Sunday, January 23, 2022.

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
1.3784565 1.3801168 1.3695990 1.3705547 -0.0079020
Entry Signal

MarketClub’s Trade Triangles for CADBGN

long term up The long-term trend has been UP since Oct 4th, 2021 at 1.3391430

intermediate term up The intermediate-term trend has been UP since Jan 4th, 2022 at 1.3636868

short term down The short-term trend has been DOWN since Jan 21st, 2022 at 1.3700052

Smart Scan Analysis for CADBGN

Based on our trend formula, CADBGN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CADBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3784565 1.3801168 1.3695990 1.3705547 -0.0079020
Prev. Close Volume Bid Ask Time
1.3784565 2022-01-21 17:06:28
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