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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Danish Krone/Hungarian Forint (FOREX:DKKHUF)
Bear Market Rally (-75) - DKKHUF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKHUF as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for DKKHUF
The long-term trend has been DOWN since May 28th, 2024 at 51.284438
The intermediate-term trend has been DOWN since Jul 8th, 2024 at 52.553755
The short-term trend has been UP since Jul 23rd, 2024 at 52.459297
Smart Scan Analysis for DKKHUF
Based on our trend formula, DKKHUF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 52.582052 | 52.613292 | 52.269773 | 52.433004 | -0.149048 |
| Prev. Close | Volume | Bid | Ask | Time |
| 52.582052 | 2024-07-26 19:59:56 |