Free Daily Analysis
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for BGNDKK
The long-term trend has been DOWN since Apr 17th, 2020 at 3.8078744
The intermediate-term trend has been UP since May 25th, 2020 at 3.8161527
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).
| 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 |