Forex Trend Analysis Report
Prepared for you on Monday, July 4, 2022.
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 Feb 28th, 2022 at 0.00268830
The intermediate-term trend has been DOWN since May 2nd, 2022 at 0.00262817
The short-term trend has been DOWN since Jul 4th, 2022 at 0.00248734
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).