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Forex Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

Bulgarian Lev/Canadian Dollar (FOREX:BGNCAD)

Bear Market Rally (-75) - BGNCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BGNCAD as it may be in the beginning 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
0.7299209 0.7311378 0.7274043 0.7282388 -0.0016820
Entry Signal

MarketClub’s Trade Triangles for BGNCAD

long term down The long-term trend has been DOWN since Oct 4th, 2021 at 0.7467464

intermediate term up The intermediate-term trend has been UP since Nov 26th, 2021 at 0.7402694

short term down The short-term trend has been DOWN since Dec 3rd, 2021 at 0.7360596

Smart Scan Analysis for BGNCAD

Based on our trend formula, BGNCAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for BGNCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7299209 0.7311378 0.7274043 0.7282388 -0.0016820
Prev. Close Volume Bid Ask Time
0.7299209 2021-12-08 07:56:18
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