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Forex Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

Bulgarian Lev/Chinese Yuan Renminbi (FOREX:BGNCNY)

Crossroads (+60) - BGNCNY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
3.5462958 3.5659731 3.5422568 3.5584416 +0.0121460
Entry Signal

MarketClub’s Trade Triangles for BGNCNY

long term down The long-term trend has been DOWN since Oct 14th, 2020 at 4.0319051

intermediate term up The intermediate-term trend has been UP since Aug 1st, 2022 at 3.5401094

short term up The short-term trend has been UP since Jul 29th, 2022 at 3.5322869

Smart Scan Analysis for BGNCNY

Based on our trend formula, BGNCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for BGNCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.5462958 3.5659731 3.5422568 3.5584416 +0.0121460
Prev. Close Volume Bid Ask Time
3.5462958 2022-08-11 19:49:32
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