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Forex Trend Analysis Report

Prepared for you on Friday, April 12, 2024.

Bulgarian Lev/Danish Krone (FOREX:BGNDKK)

Bull Market Weakness (+75) - BGNDKK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BGNDKK as it may be in the beginning stages 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.

FOREX_BGNDKK
Open High Low BGNDKK Price Change
3.8140880 3.8146384 3.8140880 3.8144775 +0.0003900
Entry Signal

MarketClub’s Trade Triangles for BGNDKK

long term down The long-term trend has been DOWN since Feb 12th, 2024 at 3.8104886

intermediate term up The intermediate-term trend has been UP since Mar 11th, 2024 at 3.8119848

short term up The short-term trend has been UP since Apr 11th, 2024 at 3.8142523

Smart Scan Analysis for BGNDKK

Based on our trend formula, BGNDKK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for BGNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8140880 3.8146384 3.8140880 3.8144775 +0.0003900
Prev. Close Volume Bid Ask Time
3.8140880 2024-04-12 07:26:21
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