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.
MarketClub’s Trade Triangles for HUFDKK
The long-term trend has been DOWN since Apr 30th, 2019 at 0.02304600
The intermediate-term trend has been UP since Jul 21st, 2020 at 0.02125567
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).