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Forex Trend Analysis Report

Prepared for you on Wednesday, June 20, 2018.

Bulgarian Lev/Danish Krone (FOREX:BGNDKK)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_BGNDKK
Open High Low BGNDKK Price Change
3.81020 3.81345 3.80305 3.81070 +0.00050
Entry Signal

MarketClub’s Trade Triangles for BGNDKK

long term down The long term trend has been DOWN since May 16th, 2018 at 3.79065

intermediate term up The intermediate term trend has been UP since Jun 12th, 2018 at 3.81045

short term up The short term trend has been UP since Jun 19th, 2018 at 3.81080

Smart Scan Analysis for BGNDKK

Based on a pre-defined weighted trend formula for chart analysis, BGNDKK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for BGNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.81020 3.81345 3.80305 3.81070 +0.00050
Prev. Close Volume Bid Ask Time
3.81020 3.79610 3.82530 2018-06-19 23:10:58
Want to analyze Bulgarian Lev/Danish Krone BGNDKK or another symbol? Try our Free Forex Trend Analysis Report.