Forex Trend Analysis Report
Prepared for you on Tuesday, August 11, 2020.
Chinese Yuan Renminbi/Bulgarian Lev (FOREX:CNYBGN)
Sidelines Mode (-55) - CNYBGN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Mar 6th, 2020 at 0.24932795
The intermediate-term trend has been DOWN since Jul 20th, 2020 at 0.24428605
The short-term trend has been UP since Aug 10th, 2020 at 0.23851546
Smart Scan Analysis for CNYBGN
Based on our trend formula, CNYBGN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).