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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Chinese Yuan Renminbi/Bulgarian Lev (FOREX:CNYBGN)

Bull Market Weakness (+75) - CNYBGN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYBGN as it may be in the beginning stages 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.

FOREX_CNYBGN
Open High Low CNYBGN Price Change
0.28487010 0.28597181 0.28487010 0.28576917 +0.00089900
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 Aug 1st, 2022 at 0.28247773

short term up The short-term trend has been UP since Aug 15th, 2022 at 0.28357122

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).

+75
Smart Scan Analysis for CNYBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28487010 0.28597181 0.28487010 0.28576917 +0.00089900
Prev. Close Volume Bid Ask Time
0.28487010 2022-08-19 15:57:42
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