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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Danish Krone/Bulgarian Lev (FOREX:DKKBGN)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

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_DKKBGN
Open High Low DKKBGN Price Change
0.26177205 0.26177205 0.26172970 0.26172970 -0.00004200
Entry Signal

MarketClub’s Trade Triangles for DKKBGN

long term down The long term trend has been DOWN since Jul 17th, 2019 at 0.26158500

intermediate term up The intermediate term trend has been UP since Jan 7th, 2020 at 0.26202779

short term up The short term trend has been UP since Jan 20th, 2020 at 0.26174813

Smart Scan Analysis for DKKBGN

Based on a pre-defined weighted trend formula for chart analysis, DKKBGN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for DKKBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26177205 0.26177205 0.26172970 0.26172970 -0.00004200
Prev. Close Volume Bid Ask Time
0.26177205 0.26072603 0.26273336 2020-01-21 09:27:08
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