Forex Trend Analysis Report
Prepared for you on Sunday, May 16, 2021.
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 May 3rd, 2021 at 3.7948711
The intermediate-term trend has been UP since May 4th, 2021 at 3.8033850
The short-term trend has been UP since May 14th, 2021 at 3.8027198
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).