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Forex Trend Analysis Report

Prepared for you on Thursday, February 25, 2021.

Bulgarian Lev/Canadian Dollar (FOREX:BGNCAD)

Long-Term Downtrend (-90) - BGNCAD is in a strong downtrend that is likely to continue. While BGNCAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

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FOREX_BGNCAD
Open High Low BGNCAD Price Change
0.7781585 0.7830948 0.7773875 0.7830948 +0.0049360
Entry Signal

MarketClub’s Trade Triangles for BGNCAD

long term down The long-term trend has been DOWN since Jan 20th, 2021 at 0.7826704

intermediate term down The intermediate-term trend has been DOWN since Jan 12th, 2021 at 0.7923009

short term down The short-term trend has been DOWN since Feb 12th, 2021 at 0.7851522

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).

-90
Smart Scan Analysis for BGNCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7781585 0.7830948 0.7773875 0.7830948 +0.0049360
Prev. Close Volume Bid Ask Time
0.7781585 2021-02-25 11:54:00
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