Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Danish Krone/Bulgarian Lev (FOREX:DKKBGN)
Long-Term Downtrend (-90) - DKKBGN is in a strong downtrend that is likely to continue. While DKKBGN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Apr 17th, 2020 at 0.26146285
The intermediate-term trend has been DOWN since May 25th, 2020 at 0.26204788
The short-term trend has been DOWN since May 22nd, 2020 at 0.26219471
Smart Scan Analysis for DKKBGN
Based on our trend formula, DKKBGN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).