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.
MarketClub’s Trade Triangles for DKKBGN
The long-term trend has been UP since Nov 5th, 2020 at 0.26380174
The intermediate-term trend has been UP since Nov 5th, 2020 at 0.26332101
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).