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Forex Trend Analysis Report

Prepared for you on Thursday, March 21, 2019.

Bulgarian Lev/Chinese Renminbi Yuan (FOREX:BGNCNY)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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.

FOREX_BGNCNY
Open High Low BGNCNY Price Change
3.90455 3.90455 3.89310 3.89510 -0.00945
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 Mar 20th, 2019 at 3.90980

short term down The short term trend has been DOWN since Mar 20th, 2019 at 3.88665

Smart Scan Analysis for BGNCNY

Based on a pre-defined weighted trend formula for chart analysis, BGNCNY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for BGNCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.90455 3.90455 3.89310 3.89510 -0.00945
Prev. Close Volume Bid Ask Time
3.90455 3.89390 3.89630 2019-03-21 09:50:28
Want to analyze Bulgarian Lev/Chinese Renminbi Yuan BGNCNY or another symbol? Try our Free Forex Trend Analysis Report.