Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
Hungarian Forint/Euro (FOREX:HUFEUR)
Long-Term Downtrend (-90) - HUFEUR is in a strong downtrend that is likely to continue. While HUFEUR 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 HUFEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFEUR
The long-term trend has been DOWN since Mar 4th, 2021 at 0.00273678
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 0.00278044
The short-term trend has been DOWN since Feb 17th, 2021 at 0.00278265
Smart Scan Analysis for HUFEUR
Based on our trend formula, HUFEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).