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Forex Trend Analysis Report

Prepared for you on Thursday, December 3, 2020.

Bulgarian Lev/Chinese Yuan Renminbi (FOREX:BGNCNY)

Crossroads (+60) - BGNCNY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
4.0639636 4.0725571 4.0590491 4.0646250 +0.0006610
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 up The intermediate-term trend has been UP since Nov 30th, 2020 at 4.0299560

short term up The short-term trend has been UP since Nov 24th, 2020 at 4.0000511

Smart Scan Analysis for BGNCNY

Based on our trend formula, BGNCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for BGNCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.0639636 4.0725571 4.0590491 4.0646250 +0.0006610
Prev. Close Volume Bid Ask Time
4.0639636 2020-12-03 12:22:44
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