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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Bulgarian Lev/Canadian Dollar (FOREX:BGNCAD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_BGNCAD
Open High Low BGNCAD Price Change
0.7412813 0.7417347 0.7404792 0.7412576 -0.0000240
Entry Signal

MarketClub’s Trade Triangles for BGNCAD

long term down The long term trend has been DOWN since Jun 19th, 2019 at 0.7618950

intermediate term down The intermediate term trend has been DOWN since Dec 18th, 2019 at 0.7457870

short term down The short term trend has been DOWN since Jan 29th, 2020 at 0.7408275

Smart Scan Analysis for BGNCAD

Based on a pre-defined weighted trend formula for chart analysis, BGNCAD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for BGNCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7412813 0.7417347 0.7404792 0.7412576 -0.0000240
Prev. Close Volume Bid Ask Time
0.7412813 0.7411170 0.7413982 2020-01-29 06:23:58
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