Analyze Symbol

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.

FOREX_CADBGN
Open High Low CADBGN Price Change
1.30065 1.30145 1.29735 1.29965 -0.00100
Entry Signal

MarketClub’s Trade Triangles for CADBGN

long term down The long term trend has been DOWN since Dec 19th, 2018 at 1.27265

intermediate term down The intermediate term trend has been DOWN since Jun 2nd, 2019 at 1.29110

short term down 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).

-80
Smart Scan Analysis for CADBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.30065 1.30145 1.29735 1.29965 -0.00100
Prev. Close Volume Bid Ask Time
1.30065 1.29960 1.29970 2019-06-17 20:40:00
Want to analyze Canadian Dollar/Bulgarian Lev CADBGN or another symbol? Try our Free Forex Trend Analysis Report.