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Forex Trend Analysis Report

Prepared for you on Saturday, October 20, 2018.

Chinese Renminbi Yuan/Bulgarian Lev (FOREX:CNYBGN)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_CNYBGN
Open High Low CNYBGN Price Change
0.24508 0.24508 0.24508 0.24508 0.00000
Entry Signal

MarketClub’s Trade Triangles for CNYBGN

long term down The long term trend has been DOWN since Jul 2nd, 2018 at 0.250980

intermediate term up The intermediate term trend has been UP since Oct 2nd, 2018 at 0.247345

short term up The short term trend has been UP since Oct 17th, 2018 at 0.244760

Smart Scan Analysis for CNYBGN

Based on a pre-defined weighted trend formula for chart analysis, CNYBGN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for CNYBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24508 0.24508 0.24508 0.24508 0.00000
Prev. Close Volume Bid Ask Time
0.24508 0.24477 0.24539 2018-10-20 02:00:11
Want to analyze Chinese Renminbi Yuan/Bulgarian Lev CNYBGN or another symbol? Try our Free Forex Trend Analysis Report.