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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.
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MarketClub’s Trade Triangles for CNYBGN
The long-term trend has been UP since Oct 14th, 2020 at 0.24802211
The intermediate-term trend has been UP since Sep 13th, 2021 at 0.25743062
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).
| 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 |