Free Daily Analysis

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.

FOREX_CNYBGN
Open High Low CNYBGN Price Change
0.26411575 0.26413716 0.26376875 0.26376875 -0.00034700
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 up The intermediate-term trend has been UP since Sep 13th, 2021 at 0.25743062

short term up 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).

+90
Smart Scan Analysis for CNYBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26411575 0.26413716 0.26376875 0.26376875 -0.00034700
Prev. Close Volume Bid Ask Time
0.26411575 2021-10-26 07:04:56
Get a free daily analysis and signals for Chinese Yuan Renminbi/Bulgarian Lev (CNYBGN) - Request Your Free Report.