Free Daily Analysis

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.

FOREX_CNYBGN
Open High Low CNYBGN Price Change
0.25424477 0.25555367 0.25402352 0.25539015 +0.00114500
Entry Signal

MarketClub’s Trade Triangles for CNYBGN

long term down The long-term trend has been DOWN since Dec 22nd, 2023 at 0.25055769

intermediate term up The intermediate-term trend has been UP since Mar 28th, 2024 at 0.25440328

short term up 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).

+70
Smart Scan Analysis for CNYBGN
Strong Downtrend Sideways 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
Get a free daily analysis and signals for Chinese Yuan Renminbi/Bulgarian Lev (CNYBGN) - Request Your Free Report.