Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Euro/Hungarian Forint (FOREX:EURHUF)
Crossroads (+60) - EURHUF 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 EURHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURHUF
The long-term trend has been DOWN since Nov 6th, 2023 at 378.2330
The intermediate-term trend has been UP since Dec 7th, 2023 at 382.1110
The short-term trend has been UP since Nov 30th, 2023 at 380.7845
Smart Scan Analysis for EURHUF
Based on our trend formula, EURHUF is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).