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Forex Trend Analysis Report

Prepared for you on Tuesday, February 7, 2023.

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
0.26283114 0.26288448 0.26279440 0.26287284 +0.00004200
Entry Signal

MarketClub’s Trade Triangles for DKKBGN

long term up The long-term trend has been UP since Sep 14th, 2022 at 0.26396828

intermediate term up The intermediate-term trend has been UP since Feb 1st, 2023 at 0.26393309

short term up The short-term trend has been UP since Feb 1st, 2023 at 0.26393309

Smart Scan Analysis for DKKBGN

Based on our trend formula, DKKBGN is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for DKKBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26283114 0.26288448 0.26279440 0.26287284 +0.00004200
Prev. Close Volume Bid Ask Time
0.26283114 2023-02-07 20:28:28
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