Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Euro/Hungarian Forint (FOREX:EURHUF)
Bull Market Weakness (+75) - EURHUF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURHUF as it may be in the beginning stages of a reversal.
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 Dec 10th, 2020 at 353.8905
The intermediate-term trend has been UP since Feb 22nd, 2021 at 359.6550
The short-term trend has been UP since Feb 17th, 2021 at 359.4155
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).