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.
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MarketClub’s Trade Triangles for CNYBGN
The long-term trend has been UP since Apr 11th, 2024 at 0.25689600
The intermediate-term trend has been DOWN since May 6th, 2024 at 0.25655600
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).
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 |