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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Danish Krone/Bulgarian Lev (FOREX:DKKBGN)

Long-Term Uptrend (+90) - DKKBGN is in a strong uptrend that is likely to continue. While DKKBGN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

FOREX_DKKBGN
Open High Low DKKBGN Price Change
0.26300963 0.26300963 0.26292828 0.26294349 -0.00006600
Entry Signal

MarketClub’s Trade Triangles for DKKBGN

long term up The long-term trend has been UP since May 24th, 2022 at 0.26330371

intermediate term up The intermediate-term trend has been UP since Jun 30th, 2022 at 0.26299123

short term up The short-term trend has been UP since Aug 2nd, 2022 at 0.26277890

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).

+90
Smart Scan Analysis for DKKBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26300963 0.26300963 0.26292828 0.26294349 -0.00006600
Prev. Close Volume Bid Ask Time
0.26300963 2022-08-16 21:03:37
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