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Forex Trend Analysis Report

Prepared for you on Wednesday, December 2, 2020.

Danish Krone/Bulgarian Lev (FOREX:DKKBGN)

Countertrend Up (+85) - DKKBGN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.26276121 0.26277853 0.26267951 0.26273827 -0.00002300
Entry Signal

MarketClub’s Trade Triangles for DKKBGN

long term up The long-term trend has been UP since Nov 5th, 2020 at 0.26380174

intermediate term up The intermediate-term trend has been UP since Nov 5th, 2020 at 0.26332101

short term down The short-term trend has been DOWN since Dec 1st, 2020 at 0.26271546

Smart Scan Analysis for DKKBGN

Based on our trend formula, DKKBGN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for DKKBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26276121 0.26277853 0.26267951 0.26273827 -0.00002300
Prev. Close Volume Bid Ask Time
0.26276121 2020-12-02 22:33:04
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