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.
MarketClub’s Trade Triangles for CNYBGN
The long term trend has been DOWN since Jul 2nd, 2018 at 0.250980
The intermediate term trend has been UP since Oct 2nd, 2018 at 0.247345
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).