Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2019.
Danish Krone/Hungarian Forint (FOREX:DKKHUF)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for DKKHUF
The long term trend has been DOWN since Dec 21st, 2018 at 43.0005
The intermediate term trend has been UP since Mar 25th, 2019 at 42.4575
The short term trend has been UP since Apr 22nd, 2019 at 42.9210
Smart Scan Analysis for DKKHUF
Based on a pre-defined weighted trend formula for chart analysis, DKKHUF scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).