Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
Danish Krone/Bulgarian Lev (FOREX:DKKBGN)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 DOWN since Jul 17th, 2018 at 0.261290
The intermediate term trend has been UP since Jul 24th, 2018 at 0.263000
The short term trend has been DOWN since Aug 17th, 2018 at 0.262215
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).