Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Bulgarian Lev/Danish Krone (FOREX:BGNDKK)
Sidelines Mode (+55) - BGNDKK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 UP since Aug 2nd, 2021 at 3.8072319
The intermediate-term trend has been UP since Sep 29th, 2021 at 3.8150242
The short-term trend has been DOWN since Oct 15th, 2021 at 3.8037749
Smart Scan Analysis for BGNDKK
Based on our trend formula, BGNDKK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).