Forex Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
Chinese Renminbi Yuan/Bulgarian Lev (FOREX:CNYBGN)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.
MarketClub’s Trade Triangles for CNYBGN
The long term trend has been UP since Nov 1st, 2017 at 0.25393
The intermediate term trend has been UP since Dec 12th, 2017 at 0.25189
The short term trend has been DOWN since Dec 13th, 2017 at 0.25047
Smart Scan Analysis for CNYBGN
Based on a pre-defined weighted trend formula for chart analysis, CNYBGN scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).