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Forex Trend Analysis Report

Prepared for you on Thursday, May 28, 2020.

Bulgarian Lev/Chinese Yuan Renminbi (FOREX:BGNCNY)

Strong Uptrend (+100) - BGNCNY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BGNCNY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
4.0367113 4.0470348 4.0237195 4.0470348 +0.0103230
Entry Signal

MarketClub’s Trade Triangles for BGNCNY

long term up The long-term trend has been UP since Mar 6th, 2020 at 4.0107884

intermediate term up The intermediate-term trend has been UP since May 18th, 2020 at 3.9571108

short term up The short-term trend has been UP since May 26th, 2020 at 3.9825154

Smart Scan Analysis for BGNCNY

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

+100
Smart Scan Analysis for BGNCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.0367113 4.0470348 4.0237195 4.0470348 +0.0103230
Prev. Close Volume Bid Ask Time
4.0367113 4.0419223 4.0521472 2020-05-28 12:34:44
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