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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Bulgarian Lev/Canadian Dollar (FOREX:BGNCAD)
Long-Term Uptrend (+90) - BGNCAD is in a strong uptrend that is likely to continue. While BGNCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Mar 8th, 2024 at 0.7558438
The intermediate-term trend has been UP since Jul 7th, 2024 at 0.7570376
The short-term trend has been UP since Jun 30th, 2024 at 0.7511895
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7669256 | 0.7693437 | 0.7654665 | 0.7679138 | +0.0009880 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7669256 | 2024-07-26 17:04:02 |