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Forex Trend Analysis Report

Prepared for you on Sunday, May 26, 2024.

Danish Krone/Bulgarian Lev (FOREX:DKKBGN)

Bear Market Rally (-75) - DKKBGN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKBGN as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid DKKBGN?

MarketClub looks at technical strength and momentum to determine if the timing is right for DKKBGN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_DKKBGN
Open High Low DKKBGN Price Change
0.26209253 0.26214452 0.26209253 0.26214452 +0.00005200
Entry Signal

MarketClub’s Trade Triangles for DKKBGN

long term down The long-term trend has been DOWN since Apr 16th, 2024 at 0.26214101

intermediate term down The intermediate-term trend has been DOWN since May 21st, 2024 at 0.26211255

short term up The short-term trend has been UP since May 23rd, 2024 at 0.26215195

Smart Scan Analysis for DKKBGN

Based on our trend formula, DKKBGN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for DKKBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26209253 0.26214452 0.26209253 0.26214452 +0.00005200
Prev. Close Volume Bid Ask Time
0.26209253 2024-05-26 21:00:25
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