Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Chinese Yuan Renminbi/Bulgarian Lev (FOREX:CNYBGN)
Long-Term Uptrend (+90) - CNYBGN is in a strong uptrend that is likely to continue. While CNYBGN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for CNYBGN
The long-term trend has been UP since Oct 14th, 2020 at 0.24802211
The intermediate-term trend has been UP since Sep 13th, 2021 at 0.25743062
The short-term trend has been UP since Oct 19th, 2021 at 0.26257196
Smart Scan Analysis for CNYBGN
Based on our trend formula, CNYBGN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).