Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Bulgarian Lev/Danish Krone (FOREX:BGNDKK)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 BGNDKK
The long term trend has been UP since Jul 17th, 2019 at 3.8229000
The intermediate term trend has been DOWN since Jan 7th, 2020 at 3.8164452
The short term trend has been DOWN since Jan 20th, 2020 at 3.8204386
Smart Scan Analysis for BGNDKK
Based on a pre-defined weighted trend formula for chart analysis, BGNDKK scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).