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Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2024.
Chinese Yuan Renminbi/Bulgarian Lev (FOREX:CNYBGN)
Bear Market Rally (-75) - CNYBGN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNYBGN as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for CNYBGN
The long-term trend has been DOWN since Jun 7th, 2024 at 0.25147263
The intermediate-term trend has been UP since Sep 11th, 2024 at 0.24970747
The short-term trend has been DOWN since Sep 18th, 2024 at 0.24749437
Smart Scan Analysis for CNYBGN
Based on our trend formula, CNYBGN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.24870465 | 0.24890477 | 0.24809334 | 0.24846139 | -0.00024300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.24870465 | 2024-09-20 12:24:03 |