Forex Trend Analysis Report
Prepared for you on Saturday, June 3, 2023.
Hungarian Forint/Brazilian Real (FOREX:HUFBRL)
Crossroads (-60) - HUFBRL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HUFBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFBRL
The long-term trend has been UP since Nov 10th, 2022 at 0.01364832
The intermediate-term trend has been DOWN since May 15th, 2023 at 0.01441172
The short-term trend has been DOWN since Jun 2nd, 2023 at 0.01441742
Smart Scan Analysis for HUFBRL
Based on our trend formula, HUFBRL is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).