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Forex Trend Analysis Report

Prepared for you on Saturday, February 16, 2019.

Canadian Dollar/Bulgarian Lev (FOREX:CADBGN)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.

Open High Low CADBGN Price Change
1.30255 1.31005 1.30215 1.30790 +0.00535
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 up The intermediate term trend has been UP since Jan 15th, 2019 at 1.29135

short term up The short term trend has been UP since Feb 11th, 2019 at 1.30355

Smart Scan Analysis for CADBGN

Based on a pre-defined weighted trend formula for chart analysis, CADBGN scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for CADBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.30255 1.31005 1.30215 1.30790 +0.00535
Prev. Close Volume Bid Ask Time
1.30255 1.30740 1.30840 2019-02-15 18:24:58
Want to analyze Canadian Dollar/Bulgarian Lev CADBGN or another symbol? Try our Free Forex Trend Analysis Report.