Forex Trend Analysis Report
Prepared for you on Wednesday, June 26, 2019.
Hungarian Forint/Danish Krone (FOREX:HUFDKK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management 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 HUFDKK
The long term trend has been DOWN since Apr 30th, 2019 at 0.023046
The intermediate term trend has been UP since Jun 3rd, 2019 at 0.023112
The short term trend has been DOWN since Jun 12th, 2019 at 0.023225
Smart Scan Analysis for HUFDKK
Based on a pre-defined weighted trend formula for chart analysis, HUFDKK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).