Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Hungarian Forint/Euro (FOREX:HUFEUR)
Crossroads (+60) - HUFEUR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Apr 30th, 2019 at 0.00308700
The intermediate-term trend has been UP since Nov 9th, 2020 at 0.00279570
The short-term trend has been UP since Nov 30th, 2020 at 0.00277304
Smart Scan Analysis for HUFEUR
Based on our trend formula, HUFEUR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).