Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Hong Kong Dollar/Hungarian Forint (FOREX:HKDHUF)
Long-Term Uptrend (+90) - HKDHUF is in a strong uptrend that is likely to continue. While HKDHUF 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 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 UP since Sep 28th, 2021 at 39.56275
The intermediate-term trend has been UP since Sep 17th, 2021 at 38.61960
The short-term trend has been UP since Oct 20th, 2021 at 40.15545
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).