Forex Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
Hungarian Forint/Brazilian Real (FOREX:HUFBRL)
Strong Downtrend (-100) - HUFBRL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HUFBRL continues to fall. Traders should use caution and set stops.
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 DOWN since Jul 29th, 2022 at 0.01297165
The intermediate-term trend has been DOWN since Jul 29th, 2022 at 0.01297165
The short-term trend has been DOWN since Aug 7th, 2022 at 0.01333709
Smart Scan Analysis for HUFBRL
Based on our trend formula, HUFBRL is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).