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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

Bulgarian Lev/Danish Krone (FOREX:BGNDKK)

Bull Market Weakness (+75) - BGNDKK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BGNDKK as it may be in the beginning stages of a reversal.

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.

FOREX_BGNDKK
Open High Low BGNDKK Price Change
3.8118524 3.8187298 3.8104216 3.8187298 +0.0068770
Entry Signal

MarketClub’s Trade Triangles for BGNDKK

long term down The long-term trend has been DOWN since Apr 17th, 2020 at 3.8078744

intermediate term up The intermediate-term trend has been UP since May 25th, 2020 at 3.8161527

short term up The short-term trend has been UP since May 29th, 2020 at 3.8152735

Smart Scan Analysis for BGNDKK

Based on our trend formula, BGNDKK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for BGNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8118524 3.8187298 3.8104216 3.8187298 +0.0068770
Prev. Close Volume Bid Ask Time
3.8118524 3.8040792 3.8333804 2020-05-29 17:18:37
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