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Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
Bulgarian Lev/Canadian Dollar (FOREX:BGNCAD)
Bull Market Weakness (+75) - BGNCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BGNCAD as it may be in the beginning stages 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 UP since Oct 4th, 2022 at 0.6938136
The intermediate-term trend has been UP since Mar 1st, 2023 at 0.7431624
The short-term trend has been DOWN since Mar 27th, 2023 at 0.7550505
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 |
|---|---|---|---|---|
| 0.7539639 | 0.7554905 | 0.7524160 | 0.7528140 | -0.0011500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7539639 | 2023-03-31 12:07:42 |