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.
MarketClub’s Trade Triangles for BGNDKK
The long term trend has been UP since Jul 17th, 2019 at 3.82290
The intermediate term trend has been DOWN since Aug 5th, 2019 at 3.80535
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).