Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Hungarian Forint/United Arab Emirates Dirham (FOREX:HUFAED)
Countertrend Up (+85) - HUFAED is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid HUFAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFAED
The long-term trend has been UP since Jul 22nd, 2020 at 0.01220740
The intermediate-term trend has been UP since Nov 8th, 2020 at 0.01220393
The short-term trend has been DOWN since Nov 18th, 2020 at 0.01212184
Smart Scan Analysis for HUFAED
Based on our trend formula, HUFAED is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).