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Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

Bulgarian Lev/Canadian Dollar (FOREX:BGNCAD)

Strong Uptrend (+100) - BGNCAD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BGNCAD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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.

FOREX_BGNCAD
Open High Low BGNCAD Price Change
0.7538624 0.7551288 0.7520149 0.7526629 -0.0012000
Entry Signal

MarketClub’s Trade Triangles for BGNCAD

long term up The long-term trend has been UP since Mar 8th, 2024 at 0.7558438

intermediate term up The intermediate-term trend has been UP since Feb 20th, 2024 at 0.7480884

short term up The short-term trend has been UP since Mar 18th, 2024 at 0.7546798

Smart Scan Analysis for BGNCAD

Based on our trend formula, BGNCAD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for BGNCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7538624 0.7551288 0.7520149 0.7526629 -0.0012000
Prev. Close Volume Bid Ask Time
0.7538624 2024-03-18 22:31:24
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