Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Hungarian Forint/Czech Koruna (FOREX:HUFCZK)
Long-Term Downtrend (-90) - HUFCZK is in a strong downtrend that is likely to continue. While HUFCZK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Sep 16th, 2021 at 0.07211633
The short-term trend has been DOWN since Oct 20th, 2021 at 0.07027268
Smart Scan Analysis for HUFCZK
Based on our trend formula, HUFCZK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).