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Forex Trend Analysis Report
Prepared for you on Wednesday, March 12, 2025.
Bulgarian Lev/Chinese Yuan Renminbi (FOREX:BGNCNY)
Long-Term Uptrend (+90) - BGNCNY is in a strong uptrend that is likely to continue. While BGNCNY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for BGNCNY
The long-term trend has been UP since Feb 26th, 2025 at 3.9721621
The intermediate-term trend has been UP since Feb 14th, 2025 at 3.9057105
The short-term trend has been UP since Mar 3rd, 2025 at 3.8929701
Smart Scan Analysis for BGNCNY
Based on our trend formula, BGNCNY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.0452975 | 4.0457484 | 4.0452975 | 4.0457484 | +0.0004510 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.0452975 | 2025-03-12 00:25:55 |