Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
Hong Kong Dollar/Hungarian Forint (FOREX:HKDHUF)
Long-Term Downtrend (-90) - HKDHUF is in a strong downtrend that is likely to continue. While HKDHUF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HKDHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDHUF
The long-term trend has been DOWN since Nov 28th, 2023 at 44.04925
The intermediate-term trend has been DOWN since Oct 17th, 2023 at 46.37470
The short-term trend has been DOWN since Nov 27th, 2023 at 44.48630
Smart Scan Analysis for HKDHUF
Based on our trend formula, HKDHUF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).