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Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

Bulgarian Lev/Canadian Dollar (FOREX:BGNCAD)

Sidelines Mode (+55) - BGNCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_BGNCAD
Open High Low BGNCAD Price Change
0.7789699 0.7815611 0.7778873 0.7796269 +0.0006570
Entry Signal

MarketClub’s Trade Triangles for BGNCAD

long term up The long-term trend has been UP since Feb 27th, 2020 at 0.7555167

intermediate term up The intermediate-term trend has been UP since Feb 27th, 2020 at 0.7524744

short term down The short-term trend has been DOWN since Mar 31st, 2020 at 0.7899382

Smart Scan Analysis for BGNCAD

Based on our trend formula, BGNCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for BGNCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7789699 0.7815611 0.7778873 0.7796269 +0.0006570
Prev. Close Volume Bid Ask Time
0.7789699 0.7795769 0.7796768 2020-04-09 07:28:46
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