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Forex Trend Analysis Report

Prepared for you on Wednesday, February 24, 2021.

Chinese Yuan Renminbi/Bulgarian Lev (FOREX:CNYBGN)

Weak Downtrend (-65) - CNYBGN is showing signs of a strengthening downtrend. Monitor CNYBGN as it may be building momentum to the downside.

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
0.24917864 0.24974821 0.24886492 0.24902006 -0.00015900
Entry Signal

MarketClub’s Trade Triangles for CNYBGN

long term up The long-term trend has been UP since Oct 14th, 2020 at 0.24802211

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 0.24890598

short term down The short-term trend has been DOWN since Feb 22nd, 2021 at 0.24923902

Smart Scan Analysis for CNYBGN

Based on our trend formula, CNYBGN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CNYBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24917864 0.24974821 0.24886492 0.24902006 -0.00015900
Prev. Close Volume Bid Ask Time
0.24917864 2021-02-24 17:43:20
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