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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Bulgarian Lev/Canadian Dollar (FOREX:BGNCAD)
Long-Term Uptrend (+90) - BGNCAD is in a strong uptrend that is likely to continue. While BGNCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid BGNCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BGNCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for BGNCAD
The long-term trend has been UP since Mar 8th, 2024 at 0.7558438
The intermediate-term trend has been UP since Apr 9th, 2024 at 0.7555216
The short-term trend has been UP since Apr 30th, 2024 at 0.7499313
Smart Scan Analysis for BGNCAD
Based on our trend formula, BGNCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7538596 | 0.7539749 | 0.7537003 | 0.7538294 | -0.0000300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7538596 | 2024-05-09 00:25:53 |