Analyze Symbol
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.
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MarketClub’s Trade Triangles for BGNCAD
The long term trend has been DOWN since Jun 19th, 2019 at 0.761895
The intermediate term trend has been DOWN since Aug 30th, 2019 at 0.749110
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).
| 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 |