Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
Bulgarian Lev/Canadian Dollar (FOREX:BGNCAD)
Bear Market Rally (-75) - BGNCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BGNCAD as it may be in the beginning 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.
MarketClub’s Trade Triangles for BGNCAD
The long-term trend has been DOWN since Oct 4th, 2021 at 0.7467464
The intermediate-term trend has been DOWN since Sep 24th, 2021 at 0.7577887
The short-term trend has been UP since Oct 27th, 2021 at 0.7367691
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).