Forex Trend Analysis Report
Prepared for you on Wednesday, September 27, 2023.
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 UP since Mar 31st, 2023 at 3.8215767
The intermediate-term trend has been UP since Jul 19th, 2023 at 3.8102201
The short-term trend has been UP since Sep 22nd, 2023 at 3.8120064
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).