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Forex Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

Chinese Yuan Renminbi/Bulgarian Lev (FOREX:CNYBGN)

Strong Uptrend (+100) - CNYBGN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYBGN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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.

FOREX_CNYBGN
Open High Low CNYBGN Price Change
0.27254788 0.27317222 0.27157786 0.27181941 -0.00072800
Entry Signal

MarketClub’s Trade Triangles for CNYBGN

long term up The long-term trend has been UP since Oct 14th, 2020 at 0.24802211

intermediate term up The intermediate-term trend has been UP since Sep 13th, 2021 at 0.25743062

short term up The short-term trend has been UP since Dec 6th, 2021 at 0.27212953

Smart Scan Analysis for CNYBGN

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

+100
Smart Scan Analysis for CNYBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.27254788 0.27317222 0.27157786 0.27181941 -0.00072800
Prev. Close Volume Bid Ask Time
0.27254788 2021-12-08 18:02:38
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