Forex Trend Analysis Report
Prepared for you on Tuesday, September 26, 2023.
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 Mar 31st, 2023 at 0.26167598
The intermediate-term trend has been DOWN since Jul 19th, 2023 at 0.26245589
The short-term trend has been DOWN since Sep 22nd, 2023 at 0.26233291
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).