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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Chinese Yuan Renminbi/Bulgarian Lev (FOREX:CNYBGN)

Weak Downtrend (-65) - CNYBGN is showing signs of a strengthening downtrend. Monitor CNYBGN as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CNYBGN?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYBGN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNYBGN
Open High Low CNYBGN Price Change
0.25613266 0.25717674 0.25611589 0.25700739 +0.00087500
Entry Signal

MarketClub’s Trade Triangles for CNYBGN

long term up The long-term trend has been UP since Apr 11th, 2024 at 0.25689600

intermediate term down The intermediate-term trend has been DOWN since May 6th, 2024 at 0.25655600

short term down The short-term trend has been DOWN since May 2nd, 2024 at 0.25702966

Smart Scan Analysis for CNYBGN

Based on our trend formula, CNYBGN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CNYBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.25613266 0.25717674 0.25611589 0.25700739 +0.00087500
Prev. Close Volume Bid Ask Time
0.25613266 2024-05-09 07:20:51
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