Forex Trend Analysis Report
Prepared for you on Monday, April 24, 2017.
Danish Krone/Hungarian Forint (FOREX:DKKHUF)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for DKKHUF
The long term trend has been UP since Nov 30th, 2016 at 41.9585
The intermediate term trend has been UP since Apr 10th, 2017 at 41.8185
The short term trend has been DOWN since Apr 23rd, 2017 at 42.0215
Smart Scan Analysis for DKKHUF
Based on a pre-defined weighted trend formula for chart analysis, DKKHUF scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).