Forex Trend Analysis Report
Prepared for you on Monday, April 19, 2021.
Bulgarian Lev/Chinese Yuan Renminbi (FOREX:BGNCNY)
Bull Market Weakness (+75) - BGNCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BGNCNY as it may be in the beginning stages of a reversal.
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 14th, 2020 at 4.0319051
The intermediate-term trend has been UP since Apr 8th, 2021 at 3.9861445
The short-term trend has been UP since Apr 6th, 2021 at 3.9533183
Smart Scan Analysis for BGNCNY
Based on our trend formula, BGNCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).