Forex Trend Analysis Report
Prepared for you on Thursday, March 22, 2018.
Chinese Renminbi Yuan/Bulgarian Lev (FOREX:CNYBGN)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Jan 15th, 2018 at 0.247895
The intermediate term trend has been DOWN since Feb 14th, 2018 at 0.247320
The short term trend has been DOWN since Mar 22nd, 2018 at 0.250120
Smart Scan Analysis for CNYBGN
Based on a pre-defined weighted trend formula for chart analysis, CNYBGN scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).