Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Hungarian Forint/Czech Koruna (FOREX:HUFCZK)
Bear Market Rally (-75) - HUFCZK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HUFCZK as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid HUFCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFCZK
The long-term trend has been DOWN since Jul 26th, 2021 at 0.07085934
The intermediate-term trend has been UP since Jul 24th, 2022 at 0.06195202
The short-term trend has been DOWN since Aug 16th, 2022 at 0.06113848
Smart Scan Analysis for HUFCZK
Based on our trend formula, HUFCZK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).