Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

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, SHORTSYMBOL 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.

FOREX_BGNCNY
Open High Low BGNCNY Price Change
3.8094995 3.8109407 3.8066264 3.8066660 -0.0028330
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 down The intermediate-term trend has been DOWN since Sep 13th, 2021 at 3.8845485

short term down The short-term trend has been DOWN since Oct 19th, 2021 at 3.8084867

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
3.8094995 3.8109407 3.8066264 3.8066660 -0.0028330
Prev. Close Volume Bid Ask Time
3.8094995 2021-10-21 08:28:10
Get a free daily analysis and signals for Bulgarian Lev/Chinese Yuan Renminbi (BGNCNY) - Request Your Free Report.