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.
MarketClub’s Trade Triangles for DKKBGN
The long-term trend has been DOWN since Aug 2nd, 2021 at 0.26266189
The intermediate-term trend has been UP since Sep 22nd, 2021 at 0.26323115
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).