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Forex Trend Analysis Report
Prepared for you on Tuesday, October 8, 2024.
Bulgarian Lev/Chinese Yuan Renminbi (FOREX:BGNCNY)
Strong Downtrend (-100) - BGNCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BGNCNY continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for BGNCNY
The long-term trend has been DOWN since Oct 1st, 2024 at 3.9742604
The intermediate-term trend has been DOWN since Sep 11th, 2024 at 4.0046861
The short-term trend has been DOWN since Oct 1st, 2024 at 3.9897593
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.9679847 | 3.9691642 | 3.9581369 | 3.9581369 | -0.0098480 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.9679847 | 2024-10-08 08:57:35 |