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Forex Trend Analysis Report

Prepared for you on Saturday, April 1, 2023.

Chinese Yuan Renminbi/Bulgarian Lev (FOREX:CNYBGN)

Strong Downtrend (-100) - CNYBGN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNYBGN continues to fall. Traders should use caution and set stops.

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
0.26143899 0.26179925 0.26128941 0.26159285 +0.00015400
Entry Signal

MarketClub’s Trade Triangles for CNYBGN

long term down The long-term trend has been DOWN since Oct 4th, 2022 at 0.27708646

intermediate term down The intermediate-term trend has been DOWN since Mar 22nd, 2023 at 0.26362091

short term down The short-term trend has been DOWN since Mar 15th, 2023 at 0.26422203

Smart Scan Analysis for CNYBGN

Based on our trend formula, CNYBGN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for CNYBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26143899 0.26179925 0.26128941 0.26159285 +0.00015400
Prev. Close Volume Bid Ask Time
0.26143899 2023-03-31 17:17:43
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