Forex Trend Analysis Report
Prepared for you on Thursday, March 28, 2024.
Chinese Yuan Renminbi/Bulgarian Lev (FOREX:CNYBGN)
Bull Market Weakness (+75) - CNYBGN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYBGN as it may be in the beginning stages 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.
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MarketClub’s Trade Triangles for CNYBGN
The long-term trend has been DOWN since Dec 22nd, 2023 at 0.25055769
The intermediate-term trend has been UP since Mar 28th, 2024 at 0.25440328
The short-term trend has been UP since Mar 28th, 2024 at 0.25423485
Smart Scan Analysis for CNYBGN
Based on our trend formula, CNYBGN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.25424477 | 0.25555367 | 0.25402352 | 0.25539015 | +0.00114500 |
Prev. Close | Volume | Bid | Ask | Time |
0.25424477 | 2024-03-28 05:45:54 |