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.
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 Jan 20th, 2021 at 0.7826704
The intermediate-term trend has been DOWN since Jan 12th, 2021 at 0.7923009
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).