Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Bulgarian Lev/Danish Krone (FOREX:BGNDKK)
Bear Market Rally (-75) - BGNDKK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BGNDKK as it may be in the beginning of a reversal.
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 Feb 12th, 2021 at 3.7958281
The short-term trend has been UP since Feb 23rd, 2021 at 3.8027299
Smart Scan Analysis for BGNDKK
Based on our trend formula, BGNDKK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).