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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Hungarian Forint/Danish Krone (FOREX:HUFDKK)

Bear Market Rally (-75) - HUFDKK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HUFDKK as it may be in the beginning of a reversal.

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
0.01862982 0.01866766 0.01830560 0.01831893 -0.00031100
Entry Signal

MarketClub’s Trade Triangles for HUFDKK

long term down The long-term trend has been DOWN since Feb 27th, 2022 at 0.01998700

intermediate term up The intermediate-term trend has been UP since Jul 25th, 2022 at 0.01881775

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 0.01881127

Smart Scan Analysis for HUFDKK

Based on our trend formula, HUFDKK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for HUFDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01862982 0.01866766 0.01830560 0.01831893 -0.00031100
Prev. Close Volume Bid Ask Time
0.01862982 2022-08-16 07:14:37
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