Forex Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
Hungarian Forint/Polish New Zloty (FOREX:HUFPLN)
Long-Term Downtrend (-90) - HUFPLN is in a strong downtrend that is likely to continue. While HUFPLN 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 HUFPLN?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFPLN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFPLN
The long-term trend has been DOWN since Dec 1st, 2023 at 0.01139825
The intermediate-term trend has been DOWN since Nov 17th, 2023 at 0.01157424
The short-term trend has been DOWN since Nov 27th, 2023 at 0.01144770
Smart Scan Analysis for HUFPLN
Based on our trend formula, HUFPLN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).