Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 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 DOWN since Apr 2nd, 2019 at 3.8088
The intermediate term trend has been UP since Apr 25th, 2019 at 3.8188
The short term trend has been DOWN since May 16th, 2019 at 3.8137
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).