Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
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.
MarketClub’s Trade Triangles for HUFDKK
The long-term trend has been DOWN since Jul 5th, 2023 at 0.01951861
The intermediate-term trend has been DOWN since Sep 27th, 2023 at 0.01898244
The short-term trend has been UP since Oct 2nd, 2023 at 0.01921142
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).