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Forex Trend Analysis Report

Prepared for you on Monday, December 10, 2018.

Bulgarian Lev/Chinese Renminbi Yuan (FOREX:BGNCNY)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

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.

FOREX_BGNCNY
Open High Low BGNCNY Price Change
3.9953 4.0391 3.9953 4.0330 +0.0377
Entry Signal

MarketClub’s Trade Triangles for BGNCNY

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 3.99175

intermediate term down The intermediate term trend has been DOWN since Dec 3rd, 2018 at 3.99175

short term up The short term trend has been UP since Dec 7th, 2018 at 4.01325

Smart Scan Analysis for BGNCNY

Based on a pre-defined weighted trend formula for chart analysis, BGNCNY scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for BGNCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.9953 4.0391 3.9953 4.0330 +0.0377
Prev. Close Volume Bid Ask Time
3.9953 4.0310 4.0350 2018-12-10 11:55:12
Want to analyze Bulgarian Lev/Chinese Renminbi Yuan BGNCNY or another symbol? Try our Free Forex Trend Analysis Report.