Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Danish Krone/Bulgarian Lev (FOREX:DKKBGN)
Bull Market Weakness (+75) - DKKBGN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DKKBGN as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid DKKBGN?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKBGN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKBGN
The long-term trend has been UP since Nov 5th, 2020 at 0.26380174
The intermediate-term trend has been UP since Feb 12th, 2021 at 0.26345098
The short-term trend has been DOWN since Feb 23rd, 2021 at 0.26297285
Smart Scan Analysis for DKKBGN
Based on our trend formula, DKKBGN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).