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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Bulgarian Lev/Canadian Dollar (FOREX:BGNCAD)
Strong Downtrend (-100) - BGNCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BGNCAD continues to fall. 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.
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MarketClub’s Trade Triangles for BGNCAD
The long-term trend has been DOWN since Nov 11th, 2024 at 0.7599085
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 0.7611998
The short-term trend has been DOWN since Nov 19th, 2024 at 0.7570074
Smart Scan Analysis for BGNCAD
Based on our trend formula, BGNCAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7555950 | 0.7562324 | 0.7549359 | 0.7550251 | -0.0005700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7555950 | 2024-11-20 03:35:16 |