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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Bulgarian Lev/Danish Krone (FOREX:BGNDKK)
Crossroads (-60) - BGNDKK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BGNDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for BGNDKK.
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 BGNDKK
The long-term trend has been UP since Apr 16th, 2024 at 3.8148098
The intermediate-term trend has been DOWN since Apr 24th, 2024 at 3.8131166
The short-term trend has been DOWN since May 7th, 2024 at 3.8131811
Smart Scan Analysis for BGNDKK
Based on our trend formula, BGNDKK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.8144799 | 3.8144799 | 3.8137480 | 3.8139353 | -0.0005450 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.8144799 | 2024-05-08 14:41:51 |