Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Hong Kong Dollar/Hungarian Forint (FOREX:HKDHUF)
Weak Downtrend (-65) - HKDHUF is showing signs of a strengthening downtrend. Monitor HKDHUF as it may be building momentum to the downside.
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 Mar 17th, 2020 at 40.33275
The intermediate-term trend has been DOWN since Apr 14th, 2020 at 41.22010
The short-term trend has been DOWN since May 26th, 2020 at 41.05670
Smart Scan Analysis for HKDHUF
Based on our trend formula, HKDHUF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).