Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Euro/Hungarian Forint (FOREX:EURHUF)
Weak Downtrend (-65) - EURHUF is showing signs of a strengthening downtrend. Monitor EURHUF as it may be building momentum to the downside.
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 UP since Apr 30th, 2019 at 324.0135
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 357.6845
The short-term trend has been DOWN since Nov 30th, 2020 at 360.6155
Smart Scan Analysis for EURHUF
Based on our trend formula, EURHUF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).