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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Bulgarian Lev/Canadian Dollar (FOREX:BGNCAD)
Countertrend Up (+85) - BGNCAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 DOWN since Apr 19th, 2024 at 0.7483531
Smart Scan Analysis for BGNCAD
Based on our trend formula, BGNCAD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7495633 | 0.7520024 | 0.7477357 | 0.7518934 | +0.0023300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7495633 | 2024-04-19 17:04:41 |