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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Bulgarian Lev/Canadian Dollar (FOREX:BGNCAD)

Weak Uptrend (+65) - BGNCAD is showing signs of weakening momentum to the upside. Monitor BGNCAD as it may be in the beginning stages of a reversal.

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
0.7478817 0.7503134 0.7470993 0.7498224 +0.0019410
Entry Signal

MarketClub’s Trade Triangles for BGNCAD

long term up The long-term trend has been UP since Mar 8th, 2024 at 0.7558438

intermediate term up The intermediate-term trend has been UP since Apr 9th, 2024 at 0.7555216

short term down The short-term trend has been DOWN since Apr 19th, 2024 at 0.7483531

Smart Scan Analysis for BGNCAD

Based on our trend formula, BGNCAD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for BGNCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7478817 0.7503134 0.7470993 0.7498224 +0.0019410
Prev. Close Volume Bid Ask Time
0.7478817 2024-04-24 21:14:47
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