Forex Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
Bulgarian Lev/Danish Krone (FOREX:BGNDKK)
Strong Downtrend (-100) - BGNDKK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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 Nov 5th, 2020 at 3.7907808
The intermediate-term trend has been DOWN since Nov 4th, 2020 at 3.8034964
The short-term trend has been DOWN since Nov 20th, 2020 at 3.8075275
Smart Scan Analysis for BGNDKK
Based on our trend formula, BGNDKK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).