Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
Hungarian Forint/United Arab Emirates Dirham (FOREX:HUFAED)
Countertrend Down (-85) - HUFAED is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Aug 3rd, 2023 at 0.01024712
The intermediate-term trend has been DOWN since Sep 3rd, 2023 at 0.01029308
The short-term trend has been UP since Oct 2nd, 2023 at 0.01002399
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).