Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Bulgarian Lev/Danish Krone (FOREX:BGNDKK)
Crossroads (+60) - BGNDKK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BGNDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for BGNDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BGNDKK
The long-term trend has been DOWN since Apr 17th, 2020 at 3.8078744
The intermediate-term trend has been UP since May 25th, 2020 at 3.8161527
The short-term trend has been UP since May 22nd, 2020 at 3.8140156
Smart Scan Analysis for BGNDKK
Based on our trend formula, BGNDKK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).