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Forex Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

Canadian Dollar/Bulgarian Lev (FOREX:CADBGN)

Long-Term Downtrend (-90) - CADBGN is in a strong downtrend that is likely to continue. While CADBGN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
1.3219332 1.3255001 1.3201900 1.3215086 -0.0004250
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 down The intermediate-term trend has been DOWN since Apr 9th, 2024 at 1.3235889

short term down The short-term trend has been DOWN since May 13th, 2024 at 1.3246053

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).

-90
Smart Scan Analysis for CADBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3219332 1.3255001 1.3201900 1.3215086 -0.0004250
Prev. Close Volume Bid Ask Time
1.3294175 2024-05-17 17:03:48
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