Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
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.
MarketClub’s Trade Triangles for DKKBGN
The long-term trend has been DOWN since Apr 17th, 2020 at 0.26146285
The intermediate-term trend has been UP since May 26th, 2020 at 0.26275884
The short-term trend has been DOWN since May 29th, 2020 at 0.26210826
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).