Free Daily Analysis
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.
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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 DOWN since Aug 1st, 2022 at 0.28247773
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).
| 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 |