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.
MarketClub’s Trade Triangles for BGNCNY
The long-term trend has been DOWN since Oct 14th, 2020 at 4.0319051
The intermediate-term trend has been UP since Nov 30th, 2020 at 4.0299560
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).