Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 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 DOWN since Nov 2nd, 2020 at 0.7868945
The intermediate-term trend has been DOWN since Oct 8th, 2020 at 0.7934003
The short-term trend has been UP since Nov 27th, 2020 at 0.7938410
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).