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Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Bulgarian Lev/Canadian Dollar (FOREX:BGNCAD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.
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MarketClub’s Trade Triangles for BGNCAD
The long term trend has been DOWN since Jun 19th, 2019 at 0.7618950
The intermediate term trend has been DOWN since Dec 18th, 2019 at 0.7457870
The short term trend has been DOWN since Jan 17th, 2020 at 0.7410176
Smart Scan Analysis for BGNCAD
Based on a pre-defined weighted trend formula for chart analysis, BGNCAD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7428040 | 0.7433933 | 0.7400387 | 0.7409299 | -0.0018740 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7428040 | 0.7408789 | 0.7409810 | 2020-01-17 17:14:40 |