Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Bulgarian Lev/Canadian Dollar (FOREX:BGNCAD)
Sidelines Mode (+55) - BGNCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for BGNCAD
The long-term trend has been UP since Feb 27th, 2020 at 0.7555167
The intermediate-term trend has been UP since Feb 27th, 2020 at 0.7524744
The short-term trend has been DOWN since Mar 31st, 2020 at 0.7899382
Smart Scan Analysis for BGNCAD
Based on our trend formula, BGNCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).