Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Hungarian Forint/Hong Kong Dollar (FOREX:HUFHKD)
Long-Term Downtrend (-90) - HUFHKD is in a strong downtrend that is likely to continue. While HUFHKD 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 HUFHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFHKD
The long-term trend has been DOWN since Sep 28th, 2021 at 0.02527662
The intermediate-term trend has been DOWN since Aug 18th, 2022 at 0.01943969
The short-term trend has been DOWN since Aug 15th, 2022 at 0.02018079
Smart Scan Analysis for HUFHKD
Based on our trend formula, HUFHKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).