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.
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 Oct 19th, 2021 at 0.02051637
The intermediate-term trend has been DOWN since Sep 17th, 2021 at 0.02112368
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).