Forex Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
Bulgarian Lev/Danish Krone (FOREX:BGNDKK)
Weak Uptrend (+65) - BGNDKK is showing signs of weakening momentum to the upside. Monitor 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 Aug 2nd, 2021 at 3.8072319
The intermediate-term trend has been UP since Sep 29th, 2021 at 3.8150242
The short-term trend has been DOWN since Oct 15th, 2021 at 3.8037749
Smart Scan Analysis for BGNDKK
Based on our trend formula, BGNDKK is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).