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Forex Trend Analysis Report

Prepared for you on Friday, May 24, 2019.

Bulgarian Lev/Chinese Yuan Renminbi (FOREX:BGNCNY)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low BGNCNY Price Change
3.9513 3.9555 3.9451 3.9451 -0.0062
Entry Signal

MarketClub’s Trade Triangles for BGNCNY

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 3.99175

intermediate term up The intermediate term trend has been UP since May 8th, 2019 at 3.88765

short term up The short term trend has been UP since May 24th, 2019 at 3.95205

Smart Scan Analysis for BGNCNY

Based on a pre-defined weighted trend formula for chart analysis, BGNCNY scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for BGNCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.9513 3.9555 3.9451 3.9451 -0.0062
Prev. Close Volume Bid Ask Time
3.9513 3.9437 3.9465 2019-05-24 09:18:22
Want to analyze Bulgarian Lev/Chinese Yuan Renminbi BGNCNY or another symbol? Try our Free Forex Trend Analysis Report.