Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, July 17, 2024.

Bulgarian Lev/Chinese Yuan Renminbi (FOREX:BGNCNY)

Strong Uptrend (+100) - BGNCNY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BGNCNY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
4.0522941 4.0615037 4.0498718 4.0607976 +0.0085030
Entry Signal

MarketClub’s Trade Triangles for BGNCNY

long term up The long-term trend has been UP since Jun 7th, 2024 at 3.9765825

intermediate term up The intermediate-term trend has been UP since Jul 3rd, 2024 at 4.0165826

short term up The short-term trend has been UP since Jul 17th, 2024 at 4.0546469

Smart Scan Analysis for BGNCNY

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

+100
Smart Scan Analysis for BGNCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.0522941 4.0615037 4.0498718 4.0607976 +0.0085030
Prev. Close Volume Bid Ask Time
4.0522941 2024-07-17 18:40:25
Get a free daily analysis and signals for Bulgarian Lev/Chinese Yuan Renminbi (BGNCNY) - Request Your Free Report.