Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Hungarian Forint/Swiss Franc (FOREX:HUFCHF)
Sidelines Mode (+55) - HUFCHF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HUFCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFCHF
The long-term trend has been UP since Feb 23rd, 2021 at 0.00305686
The intermediate-term trend has been UP since Jan 31st, 2021 at 0.00302951
The short-term trend has been DOWN since Feb 26th, 2021 at 0.00303250
Smart Scan Analysis for HUFCHF
Based on our trend formula, HUFCHF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).