Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
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.
MarketClub’s Trade Triangles for BGNCNY
The long-term trend has been UP since Oct 4th, 2022 at 3.6089891
The intermediate-term trend has been UP since Mar 22nd, 2023 at 3.7933327
The short-term trend has been UP since Mar 21st, 2023 at 3.7716024
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).