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Forex Trend Analysis Report

Prepared for you on Thursday, November 21, 2024.

Bulgarian Lev/Chinese Yuan Renminbi (FOREX:BGNCNY)

Weak Downtrend (-65) - BGNCNY is showing signs of a strengthening downtrend. Monitor BGNCNY as it may be building momentum to the downside.

Is it time to buy, sell, or avoid BGNCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for BGNCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BGNCNY
Open High Low BGNCNY Price Change
3.9069968 3.9072347 3.8722368 3.8747657 -0.0322310
Entry Signal

MarketClub’s Trade Triangles for BGNCNY

long term down The long-term trend has been DOWN since Oct 1st, 2024 at 3.9742604

intermediate term up The intermediate-term trend has been UP since Nov 5th, 2024 at 3.9709788

short term down The short-term trend has been DOWN since Nov 20th, 2024 at 3.8982739

Smart Scan Analysis for BGNCNY

Based on our trend formula, BGNCNY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for BGNCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.9069968 3.9072347 3.8722368 3.8747657 -0.0322310
Prev. Close Volume Bid Ask Time
3.9069968 2024-11-21 20:29:09
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