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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

Hungarian Forint/Danish Krone (FOREX:HUFDKK)

Sidelines Mode (+55) - HUFDKK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_HUFDKK
Open High Low HUFDKK Price Change
0.02160653 0.02163822 0.02148518 0.02151870 -0.00008800
Entry Signal

MarketClub’s Trade Triangles for HUFDKK

long term down The long-term trend has been DOWN since Apr 30th, 2019 at 0.02304600

intermediate term up The intermediate-term trend has been UP since Jul 21st, 2020 at 0.02125567

short term down The short-term trend has been DOWN since Aug 4th, 2020 at 0.02151006

Smart Scan Analysis for HUFDKK

Based on our trend formula, HUFDKK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for HUFDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02160653 0.02163822 0.02148518 0.02151870 -0.00008800
Prev. Close Volume Bid Ask Time
0.02160653 0.02149667 0.02154073 2020-08-04 22:50:09
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