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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Chinese Yuan Renminbi/Bulgarian Lev (FOREX:CNYBGN)
Countertrend Up (+85) - CNYBGN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for CNYBGN
The long-term trend has been UP since Oct 1st, 2024 at 0.25161915
The intermediate-term trend has been UP since Nov 11th, 2024 at 0.25496694
The short-term trend has been DOWN since Nov 18th, 2024 at 0.25562059
Smart Scan Analysis for CNYBGN
Based on our trend formula, CNYBGN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.25496072 | 0.25540935 | 0.25493987 | 0.25540935 | +0.00044900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.25496072 | 2024-11-20 03:25:10 |