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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Hungarian Forint/Danish Krone (FOREX:HUFDKK)

Long-Term Downtrend (-90) - HUFDKK is in a strong downtrend that is likely to continue. While HUFDKK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

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FOREX_HUFDKK
Open High Low HUFDKK Price Change
0.02042448 0.02049361 0.02041548 0.02046554 +0.00004100
Entry Signal

MarketClub’s Trade Triangles for HUFDKK

long term down The long-term trend has been DOWN since Oct 19th, 2021 at 0.02051637

intermediate term down The intermediate-term trend has been DOWN since Sep 17th, 2021 at 0.02112368

short term down The short-term trend has been DOWN since Oct 18th, 2021 at 0.02064903

Smart Scan Analysis for HUFDKK

Based on our trend formula, HUFDKK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HUFDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02042448 0.02049361 0.02041548 0.02046554 +0.00004100
Prev. Close Volume Bid Ask Time
0.02042448 2021-10-22 03:52:42
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