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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.

FOREX_BGNDKK
Open High Low BGNDKK Price Change
3.8056524 3.8063968 3.8043016 3.8055828 -0.0000700
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 Nov 4th, 2020 at 3.8034964

short term down 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).

-100
Smart Scan Analysis for BGNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8056524 3.8063968 3.8043016 3.8055828 -0.0000700
Prev. Close Volume Bid Ask Time
3.8056524 2020-11-30 18:19:12
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