Forex Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
Euro/Hungarian Forint (FOREX:EURHUF)
Long-Term Uptrend (+90) - EURHUF is in a strong uptrend that is likely to continue. While EURHUF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Feb 26th, 2020 at 339.0140
The short-term trend has been UP since Mar 12th, 2020 at 338.3685
Smart Scan Analysis for EURHUF
Based on our trend formula, EURHUF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).