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Forex Trend Analysis Report

Prepared for you on Wednesday, October 20, 2021.

Danish Krone/Bulgarian Lev (FOREX:DKKBGN)

Sidelines Mode (+55) - DKKBGN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.26288044 0.26288044 0.26284437 0.26286380 -0.00001700
Entry Signal

MarketClub’s Trade Triangles for DKKBGN

long term down The long-term trend has been DOWN since Aug 2nd, 2021 at 0.26266189

intermediate term up The intermediate-term trend has been UP since Sep 22nd, 2021 at 0.26323115

short term down The short-term trend has been DOWN since Oct 15th, 2021 at 0.26279879

Smart Scan Analysis for DKKBGN

Based on our trend formula, DKKBGN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for DKKBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26288044 0.26288044 0.26284437 0.26286380 -0.00001700
Prev. Close Volume Bid Ask Time
0.26288044 2021-10-20 05:01:45
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