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.
MarketClub’s Trade Triangles for CADBGN
The long-term trend has been UP since Oct 4th, 2021 at 1.3391430
The intermediate-term trend has been UP since Jan 4th, 2022 at 1.3636868
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).