Forex Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
Chinese Yuan Renminbi/Bulgarian Lev (FOREX:CNYBGN)
Weak Downtrend (-65) - CNYBGN is showing signs of a strengthening downtrend. Monitor CNYBGN as it may be building momentum to the downside.
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 UP since Oct 14th, 2020 at 0.24802211
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 0.24890598
The short-term trend has been DOWN since Feb 22nd, 2021 at 0.24923902
Smart Scan Analysis for CNYBGN
Based on our trend formula, CNYBGN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).