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Forex Trend Analysis Report

Prepared for you on Tuesday, August 20, 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
3.81290 3.81380 3.80625 3.80725 -0.00565
Entry Signal

MarketClub’s Trade Triangles for BGNDKK

long term up The long term trend has been UP since Jul 17th, 2019 at 3.82290

intermediate term down The intermediate term trend has been DOWN since Aug 5th, 2019 at 3.80535

short term up The short term trend has been UP since Aug 9th, 2019 at 3.81785

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
3.81290 3.81380 3.80625 3.80725 -0.00565
Prev. Close Volume Bid Ask Time
3.81290 3.80570 3.80880 2019-08-20 14:14:05
Want to analyze Bulgarian Lev/Danish Krone BGNDKK or another symbol? Try our Free Forex Trend Analysis Report.