Forex Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
Danish Krone/Bulgarian Lev (FOREX:DKKBGN)
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 DKKBGN
The long term trend has been UP since May 16th, 2018 at 0.263805
The intermediate term trend has been UP since May 16th, 2018 at 0.263805
The short term trend has been DOWN since May 22nd, 2018 at 0.262545
Smart Scan Analysis for DKKBGN
Based on a pre-defined weighted trend formula for chart analysis, DKKBGN scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).