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Forex Trend Analysis Report

Prepared for you on Wednesday, December 4, 2024.

Danish Krone/Hungarian Forint (FOREX:DKKHUF)

Long-Term Uptrend (+90) - DKKHUF is in a strong uptrend that is likely to continue. While DKKHUF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid DKKHUF?

MarketClub looks at technical strength and momentum to determine if the timing is right for DKKHUF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_DKKHUF
Open High Low DKKHUF Price Change
55.606993 55.688229 55.486897 55.537350 -0.069643
Entry Signal

MarketClub’s Trade Triangles for DKKHUF

long term up The long-term trend has been UP since Aug 5th, 2024 at 53.467044

intermediate term up The intermediate-term trend has been UP since Aug 2nd, 2024 at 53.157823

short term up The short-term trend has been UP since Nov 27th, 2024 at 55.305881

Smart Scan Analysis for DKKHUF

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

+90
Smart Scan Analysis for DKKHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
55.606993 55.688229 55.486897 55.537350 -0.069643
Prev. Close Volume Bid Ask Time
55.606993 2024-12-04 06:56:44
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