Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Hungarian Forint/United Arab Emirates Dirham (FOREX:HUFAED)
Strong Downtrend (-100) - HUFAED is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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 Mar 1st, 2021 at 0.01221194
The intermediate-term trend has been DOWN since Jan 18th, 2021 at 0.01228506
The short-term trend has been DOWN since Feb 25th, 2021 at 0.01235855
Smart Scan Analysis for HUFAED
Based on our trend formula, HUFAED is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).