Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Bulgarian Lev/Danish Krone (FOREX:BGNDKK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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.
MarketClub’s Trade Triangles for BGNDKK
The long term trend has been UP since Nov 15th, 2018 at 3.8206
The intermediate term trend has been DOWN since Jan 2nd, 2019 at 3.8102
The short term trend has been DOWN since Jan 14th, 2019 at 3.8149
Smart Scan Analysis for BGNDKK
Based on a pre-defined weighted trend formula for chart analysis, BGNDKK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).