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.
MarketClub’s Trade Triangles for BGNDKK
The long term trend has been DOWN since May 16th, 2018 at 3.79065
The intermediate term trend has been UP since Jun 12th, 2018 at 3.81045
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).