Forex Trend Analysis Report
Prepared for you on Thursday, May 28, 2020.
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 Mar 6th, 2020 at 4.0107884
The intermediate-term trend has been UP since May 18th, 2020 at 3.9571108
The short-term trend has been UP since May 26th, 2020 at 3.9825154
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).