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Forex Trend Analysis Report

Prepared for you on Tuesday, March 9, 2021.

Bulgarian Lev/Chinese Yuan Renminbi (FOREX:BGNCNY)

Bear Market Rally (-75) - BGNCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BGNCNY as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid BGNCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for BGNCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BGNCNY
Open High Low BGNCNY Price Change
3.9549568 3.9660497 3.9548545 3.9660497 +0.0110930
Entry Signal

MarketClub’s Trade Triangles for BGNCNY

long term down The long-term trend has been DOWN since Oct 14th, 2020 at 4.0319051

intermediate term down The intermediate-term trend has been DOWN since Mar 4th, 2021 at 3.9673363

short term up The short-term trend has been UP since Mar 9th, 2021 at 3.9652863

Smart Scan Analysis for BGNCNY

Based on our trend formula, BGNCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for BGNCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.9549568 3.9660497 3.9548545 3.9660497 +0.0110930
Prev. Close Volume Bid Ask Time
3.9549568 2021-03-09 05:00:47
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