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Forex Trend Analysis Report

Prepared for you on Sunday, August 19, 2018.

Bulgarian Lev/Danish Krone (FOREX:BGNDKK)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.

Open High Low BGNDKK Price Change
3.8126 3.8147 3.7961 3.8136 +0.0010
Entry Signal

MarketClub’s Trade Triangles for BGNDKK

long term up The long term trend has been UP since Jul 17th, 2018 at 3.82720

intermediate term down The intermediate term trend has been DOWN since Jul 24th, 2018 at 3.80225

short term up The short term trend has been UP since Aug 17th, 2018 at 3.81360

Smart Scan Analysis for BGNDKK

Based on a pre-defined weighted trend formula for chart analysis, BGNDKK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for BGNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8126 3.8147 3.7961 3.8136 +0.0010
Prev. Close Volume Bid Ask Time
3.8126 3.7990 3.8282 2018-08-17 17:58:56
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