Free Daily Analysis

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.

FOREX_BGNDKK
Open High Low BGNDKK Price Change
3.8022595 3.8032140 3.8016919 3.8032140 +0.0009550
Entry Signal

MarketClub’s Trade Triangles for BGNDKK

long term down The long-term trend has been DOWN since May 3rd, 2021 at 3.7948711

intermediate term up The intermediate-term trend has been UP since May 4th, 2021 at 3.8033850

short term up 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).

+70
Smart Scan Analysis for BGNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8022595 3.8032140 3.8016919 3.8032140 +0.0009550
Prev. Close Volume Bid Ask Time
3.8022595 2021-05-14 17:17:44
Get a free daily analysis and signals for Bulgarian Lev/Danish Krone (BGNDKK) - Request Your Free Report.