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Forex Trend Analysis Report
Prepared for you on Wednesday, January 15, 2025.
Bulgarian Lev/Canadian Dollar (FOREX:BGNCAD)
Bear Market Rally (-75) - BGNCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BGNCAD as it may be in the beginning of a reversal.
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 DOWN since Nov 11th, 2024 at 0.7599085
The intermediate-term trend has been DOWN since Jan 2nd, 2025 at 0.7576058
The short-term trend has been UP since Jan 15th, 2025 at 0.7568726
Smart Scan Analysis for BGNCAD
Based on our trend formula, BGNCAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7559164 | 0.7573411 | 0.7548124 | 0.7567728 | +0.0008560 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7559164 | 2025-01-15 08:58:38 |