Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Hungarian Forint/United Arab Emirates Dirham (FOREX:HUFAED)
Long-Term Downtrend (-90) - HUFAED is in a strong downtrend that is likely to continue. While HUFAED 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 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 DOWN since Sep 28th, 2021 at 0.01193766
The intermediate-term trend has been DOWN since Sep 17th, 2021 at 0.01224374
The short-term trend has been DOWN since Oct 18th, 2021 at 0.01180930
Smart Scan Analysis for HUFAED
Based on our trend formula, HUFAED is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).