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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

Bulgarian Lev/Danish Krone (FOREX:BGNDKK)

Crossroads (+60) - BGNDKK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
3.8179142 3.8222451 3.8167699 3.8167699 -0.0011440
Entry Signal

MarketClub’s Trade Triangles for BGNDKK

long term down The long-term trend has been DOWN since Apr 17th, 2020 at 3.8078744

intermediate term up The intermediate-term trend has been UP since May 25th, 2020 at 3.8161527

short term up The short-term trend has been UP since May 22nd, 2020 at 3.8140156

Smart Scan Analysis for BGNDKK

Based on our trend formula, BGNDKK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for BGNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8179142 3.8222451 3.8167699 3.8167699 -0.0011440
Prev. Close Volume Bid Ask Time
3.8179142 3.8021185 3.8314212 2020-05-25 05:14:04
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