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Forex Trend Analysis Report

Prepared for you on Saturday, February 16, 2019.

Bulgarian Lev/Canadian Dollar (FOREX:BGNCAD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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
0.764705 0.764705 0.764705 0.764705 0.000000
Entry Signal

MarketClub’s Trade Triangles for BGNCAD

long term up The long term trend has been UP since Dec 19th, 2018 at 0.785810

intermediate term down The intermediate term trend has been DOWN since Jan 15th, 2019 at 0.774500

short term down The short term trend has been DOWN since Feb 14th, 2019 at 0.762955

Smart Scan Analysis for BGNCAD

Based on a pre-defined weighted trend formula for chart analysis, BGNCAD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for BGNCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.764705 0.764705 0.764705 0.764705 0.000000
Prev. Close Volume Bid Ask Time
0.764705 0.764560 0.764850 2019-02-16 19:17:47
Want to analyze Bulgarian Lev/Canadian Dollar BGNCAD or another symbol? Try our Free Forex Trend Analysis Report.