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Forex Trend Analysis Report

Prepared for you on Thursday, February 25, 2021.

Bulgarian Lev/Danish Krone (FOREX:BGNDKK)

Bear Market Rally (-75) - BGNDKK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BGNDKK as it may be in the beginning of a reversal.

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.

FOREX_BGNDKK
Open High Low BGNDKK Price Change
3.8024796 3.8026816 3.8018529 3.8021778 -0.0003020
Entry Signal

MarketClub’s Trade Triangles for BGNDKK

long term down The long-term trend has been DOWN since Nov 5th, 2020 at 3.7907808

intermediate term down The intermediate-term trend has been DOWN since Feb 12th, 2021 at 3.7958281

short term up The short-term trend has been UP since Feb 23rd, 2021 at 3.8027299

Smart Scan Analysis for BGNDKK

Based on our trend formula, BGNDKK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for BGNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8024796 3.8026816 3.8018529 3.8021778 -0.0003020
Prev. Close Volume Bid Ask Time
3.8024796 2021-02-25 11:32:47
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