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Forex Trend Analysis Report

Prepared for you on Sunday, May 19, 2019.

Bulgarian Lev/Danish Krone (FOREX:BGNDKK)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_BGNDKK
Open High Low BGNDKK Price Change
3.81825 3.81940 3.81625 3.81685 -0.00140
Entry Signal

MarketClub’s Trade Triangles for BGNDKK

long term down The long term trend has been DOWN since Apr 2nd, 2019 at 3.8088

intermediate term up The intermediate term trend has been UP since Apr 25th, 2019 at 3.8188

short term down The short term trend has been DOWN since May 16th, 2019 at 3.8137

Smart Scan Analysis for BGNDKK

Based on a pre-defined weighted trend formula for chart analysis, BGNDKK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for BGNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.81825 3.81940 3.81625 3.81685 -0.00140
Prev. Close Volume Bid Ask Time
3.81825 3.80220 3.83150 2019-05-17 18:02:50
Want to analyze Bulgarian Lev/Danish Krone BGNDKK or another symbol? Try our Free Forex Trend Analysis Report.