Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, March 12, 2025.
Chinese Yuan Renminbi/Bulgarian Lev (FOREX:CNYBGN)
Long-Term Downtrend (-90) - CNYBGN is in a strong downtrend that is likely to continue. While CNYBGN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Feb 26th, 2025 at 0.25175207
The intermediate-term trend has been DOWN since Feb 14th, 2025 at 0.25603536
The short-term trend has been DOWN since Mar 3rd, 2025 at 0.25687328
Smart Scan Analysis for CNYBGN
Based on our trend formula, CNYBGN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.24720062 | 0.24720062 | 0.24717307 | 0.24717307 | -0.00002800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.24720062 | 2025-03-12 00:25:55 |