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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.

FOREX_BGNDKK
Open High Low BGNDKK Price Change
3.8201738 3.8210666 3.8201738 3.8208712 +0.0006970
Entry Signal

MarketClub’s Trade Triangles for BGNDKK

long term up The long term trend has been UP since Jul 17th, 2019 at 3.8229000

intermediate term down The intermediate term trend has been DOWN since Jan 7th, 2020 at 3.8164452

short term down 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).

-50
Smart Scan Analysis for BGNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8201738 3.8210666 3.8201738 3.8208712 +0.0006970
Prev. Close Volume Bid Ask Time
3.8201738 3.8062191 3.8355233 2020-01-21 21:35:42
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