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.
MarketClub’s Trade Triangles for DKKHUF
The long-term trend has been DOWN since Nov 3rd, 2023 at 50.749540
The intermediate-term trend has been UP since Dec 7th, 2023 at 51.254336
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).