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Forex Trend Analysis Report
Prepared for you on Tuesday, January 14, 2025.
Bulgarian Lev/Danish Krone (FOREX:BGNDKK)
Sidelines Mode (-50) - BGNDKK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BGNDKK can gain momentum.
Is it time to buy, sell, or avoid BGNDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for BGNDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for BGNDKK
The long-term trend has been UP since Oct 27th, 2024 at 3.8188757
The intermediate-term trend has been DOWN since Dec 24th, 2024 at 3.8124468
The short-term trend has been DOWN since Jan 10th, 2025 at 3.8137863
Smart Scan Analysis for BGNDKK
Based on our trend formula, BGNDKK is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.8146095 | 3.8148045 | 3.8143257 | 3.8143820 | -0.0002270 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.8146095 | 2025-01-14 23:16:30 |