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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

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.

FOREX_HUFPLN
Open High Low HUFPLN Price Change
0.01264053 0.01270768 0.01262056 0.01266376 +0.00002300
Entry Signal

MarketClub’s Trade Triangles for HUFPLN

long term down The long-term trend has been DOWN since Oct 18th, 2021 at 0.01265066

intermediate term down The intermediate-term trend has been DOWN since Sep 5th, 2021 at 0.01292149

short term down The short-term trend has been DOWN since Oct 6th, 2021 at 0.01274692

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).

-90
Smart Scan Analysis for HUFPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01264053 0.01270768 0.01262056 0.01266376 +0.00002300
Prev. Close Volume Bid Ask Time
0.01264053 2021-10-21 08:56:06
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