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Forex Trend Analysis Report

Prepared for you on Tuesday, December 7, 2021.

Danish Krone/Hungarian Forint (FOREX:DKKHUF)

Long-Term Uptrend (+90) - DKKHUF is in a strong uptrend that is likely to continue. While DKKHUF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
49.224604 49.446529 48.989600 49.356250 +0.131646
Entry Signal

MarketClub’s Trade Triangles for DKKHUF

long term up The long-term trend has been UP since Oct 19th, 2021 at 48.748217

intermediate term up The intermediate-term trend has been UP since Nov 12th, 2021 at 49.322372

short term up The short-term trend has been UP since Dec 6th, 2021 at 49.252372

Smart Scan Analysis for DKKHUF

Based on our trend formula, DKKHUF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for DKKHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
49.224604 49.446529 48.989600 49.356250 +0.131646
Prev. Close Volume Bid Ask Time
49.224604 2021-12-07 23:38:53
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