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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.

FOREX_HUFPLN
Open High Low HUFPLN Price Change
0.01145006 0.01147367 0.01137870 0.01141698 -0.00003300
Entry Signal

MarketClub’s Trade Triangles for HUFPLN

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 0.01139825

intermediate term down The intermediate-term trend has been DOWN since Nov 17th, 2023 at 0.01157424

short term down 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).

-90
Smart Scan Analysis for HUFPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01145006 0.01147367 0.01137870 0.01141698 -0.00003300
Prev. Close Volume Bid Ask Time
0.01145006 2023-12-01 17:11:31
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