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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

Hungarian Forint/Danish Krone (FOREX:HUFDKK)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_HUFDKK
Open High Low HUFDKK Price Change
0.02236559 0.02237533 0.02222448 0.02223837 -0.00012700
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 down The intermediate term trend has been DOWN since Jan 9th, 2020 at 0.02243565

short term up The short term trend has been UP since Jan 21st, 2020 at 0.02236638

Smart Scan Analysis for HUFDKK

Based on a pre-defined weighted trend formula for chart analysis, HUFDKK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for HUFDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02236559 0.02237533 0.02222448 0.02223837 -0.00012700
Prev. Close Volume Bid Ask Time
0.02236559 0.02223104 0.02224570 2020-01-22 10:34:30
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