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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.
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MarketClub’s Trade Triangles for CNYBGN
The long-term trend has been DOWN since Oct 4th, 2022 at 0.27708646
The intermediate-term trend has been DOWN since Mar 22nd, 2023 at 0.26362091
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).
| 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 |