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Forex Trend Analysis Report

Prepared for you on Friday, March 23, 2018.

Bulgarian Lev/Chinese Renminbi Yuan (FOREX:BGNCNY)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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.

Open High Low BGNCNY Price Change
3.99305 3.99380 3.98475 3.98530 -0.00775
Entry Signal

MarketClub’s Trade Triangles for BGNCNY

long term up The long term trend has been UP since Jan 15th, 2018 at 4.03390

intermediate term up The intermediate term trend has been UP since Feb 14th, 2018 at 4.04595

short term down The short term trend has been DOWN since Mar 19th, 2018 at 3.97055

Smart Scan Analysis for BGNCNY

Based on a pre-defined weighted trend formula for chart analysis, BGNCNY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for BGNCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.99305 3.99380 3.98475 3.98530 -0.00775
Prev. Close Volume Bid Ask Time
3.99305 3.98320 3.98740 2018-03-23 13:09:03
Want to analyze Bulgarian Lev/Chinese Renminbi Yuan BGNCNY or another symbol? Try our Free Forex Trend Analysis Report.