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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Danish Krone/Hungarian Forint (FOREX:DKKHUF)

Crossroads (-60) - DKKHUF is struggling to move into a solid trend. Beware of choppy markets 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
55.063313 55.266300 54.894743 55.029200 -0.034113
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 down The intermediate-term trend has been DOWN since Dec 16th, 2024 at 54.716662

short term down The short-term trend has been DOWN since Dec 23rd, 2024 at 55.290659

Smart Scan Analysis for DKKHUF

Based on our trend formula, DKKHUF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for DKKHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
55.063313 55.266300 54.894743 55.029200 -0.034113
Prev. Close Volume Bid Ask Time
55.063313 2024-12-26 08:38:59
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