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.
MarketClub’s Trade Triangles for BGNDKK
The long term trend has been UP since Jul 17th, 2018 at 3.82720
The intermediate term trend has been DOWN since Jul 24th, 2018 at 3.80225
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).