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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Bulgarian Lev/Canadian Dollar (FOREX:BGNCAD)
Sidelines Mode (-55) - BGNCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for BGNCAD
The long-term trend has been DOWN since Nov 11th, 2024 at 0.7599085
The intermediate-term trend has been UP since Dec 6th, 2024 at 0.7632326
The short-term trend has been DOWN since Dec 25th, 2024 at 0.7621414
Smart Scan Analysis for BGNCAD
Based on our trend formula, BGNCAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7635103 | 0.7658227 | 0.7634040 | 0.7645629 | +0.0010530 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7635103 | 2024-12-26 06:05:16 |