Forex Trend Analysis Report
Prepared for you on Monday, June 17, 2019.
Canadian Dollar/Bulgarian Lev (FOREX:CADBGN)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CADBGN
The long term trend has been DOWN since Dec 19th, 2018 at 1.27265
The intermediate term trend has been DOWN since Jun 2nd, 2019 at 1.29110
The short term trend has been DOWN since Jun 12th, 2019 at 1.29845
Smart Scan Analysis for CADBGN
Based on a pre-defined weighted trend formula for chart analysis, CADBGN scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).