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Forex Trend Analysis Report

Prepared for you on Thursday, March 4, 2021.

Bulgarian Lev/Danish Krone (FOREX:BGNDKK)

Sidelines Mode (+55) - BGNDKK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
3.8017174 3.8017174 3.8017174 3.8017174 0.0000000
Entry Signal

MarketClub’s Trade Triangles for BGNDKK

long term up The long-term trend has been UP since Feb 26th, 2021 at 3.8176177

intermediate term up The intermediate-term trend has been UP since Feb 26th, 2021 at 3.8040091

short term down The short-term trend has been DOWN since Mar 3rd, 2021 at 3.8014387

Smart Scan Analysis for BGNDKK

Based on our trend formula, BGNDKK is rated as a +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
3.8017174 3.8017174 3.8017174 3.8017174 0.0000000
Prev. Close Volume Bid Ask Time
3.8017174 2021-03-04 00:33:18
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