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Forex Trend Analysis Report

Prepared for you on Monday, April 15, 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.

FOREX_BGNCNY
Open High Low BGNCNY Price Change
3.8683403 3.8731465 3.8547983 3.8550977 -0.0132430
Entry Signal

MarketClub’s Trade Triangles for BGNCNY

long term down The long-term trend has been DOWN since Apr 11th, 2024 at 3.8926325

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 3.9307736

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 3.9259127

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
3.8683403 3.8731465 3.8547983 3.8550977 -0.0132430
Prev. Close Volume Bid Ask Time
3.8683403 2024-04-15 17:58:38
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