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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Danish Krone/Hungarian Forint (FOREX:DKKHUF)

Crossroads (+60) - DKKHUF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid DKKHUF?

MarketClub looks at technical strength and momentum to determine if the timing is right for DKKHUF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_DKKHUF
Open High Low DKKHUF Price Change
51.241960 51.359711 50.966571 51.149865 -0.092095
Entry Signal

MarketClub’s Trade Triangles for DKKHUF

long term down The long-term trend has been DOWN since Nov 3rd, 2023 at 50.749540

intermediate term up The intermediate-term trend has been UP since Dec 7th, 2023 at 51.254336

short term up The short-term trend has been UP since Nov 30th, 2023 at 51.079993

Smart Scan Analysis for DKKHUF

Based on our trend formula, DKKHUF is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for DKKHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
51.241960 51.359711 50.966571 51.149865 -0.092095
Prev. Close Volume Bid Ask Time
51.241960 2023-12-08 21:05:10
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