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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

Chinese Yuan Renminbi/Bulgarian Lev (FOREX:CNYBGN)

Countertrend Up (+85) - CNYBGN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid CNYBGN?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYBGN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNYBGN
Open High Low CNYBGN Price Change
0.25819144 0.25872127 0.25789866 0.25848192 +0.00029000
Entry Signal

MarketClub’s Trade Triangles for CNYBGN

long term up The long-term trend has been UP since Apr 11th, 2024 at 0.25689600

intermediate term up The intermediate-term trend has been UP since Mar 28th, 2024 at 0.25440328

short term down The short-term trend has been DOWN since Apr 18th, 2024 at 0.25818846

Smart Scan Analysis for CNYBGN

Based on our trend formula, CNYBGN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CNYBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.25819144 0.25872127 0.25789866 0.25848192 +0.00029000
Prev. Close Volume Bid Ask Time
0.25819144 2024-04-18 11:01:26
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