Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Bulgarian Lev/Chinese Yuan Renminbi (FOREX:BGNCNY)
Countertrend Down (-85) - BGNCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for BGNCNY
The long-term trend has been DOWN since Oct 1st, 2024 at 3.9742604
The intermediate-term trend has been DOWN since Sep 11th, 2024 at 4.0046861
The short-term trend has been UP since Oct 25th, 2024 at 3.9456469
Smart Scan Analysis for BGNCNY
Based on our trend formula, BGNCNY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.9306177 | 3.9306177 | 3.9306177 | 3.9306177 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.9306177 | 2024-10-26 04:48:14 |