Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Bulgarian Lev/Danish Krone (FOREX:BGNDKK)
Long-Term Downtrend (-90) - BGNDKK is in a strong downtrend that is likely to continue. While BGNDKK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 May 24th, 2022 at 3.7969684
The intermediate-term trend has been DOWN since Jun 30th, 2022 at 3.8024231
The short-term trend has been DOWN since Aug 2nd, 2022 at 3.8055365
Smart Scan Analysis for BGNDKK
Based on our trend formula, BGNDKK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).