Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Chinese Yuan Renminbi/Bulgarian Lev (FOREX:CNYBGN)
Bear Market Rally (-75) - CNYBGN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNYBGN as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CNYBGN?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYBGN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNYBGN
The long-term trend has been DOWN since Oct 4th, 2022 at 0.27708646
The intermediate-term trend has been UP since Mar 15th, 2023 at 0.26769566
The short-term trend has been DOWN since Mar 15th, 2023 at 0.26422203
Smart Scan Analysis for CNYBGN
Based on our trend formula, CNYBGN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).