Forex Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
Bulgarian Lev/Canadian Dollar (FOREX:BGNCAD)
Weak Downtrend (-65) - BGNCAD is showing signs of a strengthening downtrend. Monitor BGNCAD as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for BGNCAD
The long-term trend has been DOWN since Nov 2nd, 2020 at 0.7868945
The intermediate-term trend has been DOWN since Oct 8th, 2020 at 0.7934003
The short-term trend has been UP since Nov 27th, 2020 at 0.7938410
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).