Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Chinese Yuan Renminbi/Bulgarian Lev (FOREX:CNYBGN)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CNYBGN
The long term trend has been UP since Jan 8th, 2020 at 0.25393155
The intermediate term trend has been UP since Jan 5th, 2020 at 0.25219575
The short term trend has been UP since Jan 27th, 2020 at 0.25583113
Smart Scan Analysis for CNYBGN
Based on a pre-defined weighted trend formula for chart analysis, CNYBGN scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).