Forex Trend Analysis Report
Prepared for you on Monday, May 29, 2017.
Danish Krone/Hungarian Forint (FOREX:DKKHUF)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since May 25th, 2017 at 41.279
The intermediate term trend has been DOWN since May 8th, 2017 at 41.799
The short term trend has been DOWN since May 24th, 2017 at 41.381
Smart Scan Analysis for DKKHUF
Based on a pre-defined weighted trend formula for chart analysis, DKKHUF scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).