Forex Trend Analysis Report
Prepared for you on Saturday, November 17, 2018.
Danish Krone/Hungarian Forint (FOREX:DKKHUF)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 Sep 21st, 2017 at 41.7605
The intermediate term trend has been DOWN since Oct 15th, 2018 at 43.2095
The short term trend has been DOWN since Nov 16th, 2018 at 43.1095
Smart Scan Analysis for DKKHUF
Based on a pre-defined weighted trend formula for chart analysis, DKKHUF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).