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Forex Trend Analysis Report

Prepared for you on Monday, September 16, 2019.

Bulgarian Lev/Canadian Dollar (FOREX:BGNCAD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

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
0.749810 0.751320 0.743030 0.744625 -0.005185
Entry Signal

MarketClub’s Trade Triangles for BGNCAD

long term down The long term trend has been DOWN since Jun 19th, 2019 at 0.761895

intermediate term down The intermediate term trend has been DOWN since Aug 30th, 2019 at 0.749110

short term up The short term trend has been UP since Sep 13th, 2019 at 0.748610

Smart Scan Analysis for BGNCAD

Based on a pre-defined weighted trend formula for chart analysis, BGNCAD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for BGNCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.749810 0.751320 0.743030 0.744625 -0.005185
Prev. Close Volume Bid Ask Time
0.749810 0.744600 0.744650 2019-09-16 18:12:56
Want to analyze Bulgarian Lev/Canadian Dollar BGNCAD or another symbol? Try our Free Forex Trend Analysis Report.