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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

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.

FOREX_HUFHKD
Open High Low HUFHKD Price Change
0.02466466 0.02473635 0.02459563 0.02472507 +0.00006000
Entry Signal

MarketClub’s Trade Triangles for HUFHKD

long term down The long-term trend has been DOWN since Sep 28th, 2021 at 0.02527662

intermediate term down The intermediate-term trend has been DOWN since Sep 17th, 2021 at 0.02597608

short term down The short-term trend has been DOWN since Oct 20th, 2021 at 0.02490991

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).

-90
Smart Scan Analysis for HUFHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02466466 0.02473635 0.02459563 0.02472507 +0.00006000
Prev. Close Volume Bid Ask Time
0.02466466 2021-10-26 15:24:25
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