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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

Danish Krone/Hungarian Forint (FOREX:DKKHUF)

Sidelines Mode (+55) - DKKHUF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
53.148072 53.318872 53.030800 53.277300 +0.129228
Entry Signal

MarketClub’s Trade Triangles for DKKHUF

long term down The long-term trend has been DOWN since May 28th, 2024 at 51.284438

intermediate term up The intermediate-term trend has been UP since May 31st, 2024 at 52.291381

short term down The short-term trend has been DOWN since Jun 18th, 2024 at 53.014250

Smart Scan Analysis for DKKHUF

Based on our trend formula, DKKHUF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for DKKHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
53.148072 53.318872 53.030800 53.277300 +0.129228
Prev. Close Volume Bid Ask Time
53.148072 2024-06-20 07:49:31
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