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Forex Trend Analysis Report

Prepared for you on Friday, October 19, 2018.

Bulgarian Lev/Canadian Dollar (FOREX:BGNCAD)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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_BGNCAD
Open High Low BGNCAD Price Change
0.765185 0.772475 0.763305 0.772225 +0.007040
Entry Signal

MarketClub’s Trade Triangles for BGNCAD

long term down The long term trend has been DOWN since May 9th, 2018 at 0.780190

intermediate term down The intermediate term trend has been DOWN since Sep 28th, 2018 at 0.769925

short term up The short term trend has been UP since Oct 19th, 2018 at 0.769810

Smart Scan Analysis for BGNCAD

Based on a pre-defined weighted trend formula for chart analysis, BGNCAD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for BGNCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.765185 0.772475 0.763305 0.772225 +0.007040
Prev. Close Volume Bid Ask Time
0.765185 0.772080 0.772370 2018-10-19 18:36:10
Want to analyze Bulgarian Lev/Canadian Dollar BGNCAD or another symbol? Try our Free Forex Trend Analysis Report.