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.
MarketClub’s Trade Triangles for HUFPLN
The long-term trend has been DOWN since Oct 18th, 2021 at 0.01265066
The intermediate-term trend has been DOWN since Sep 5th, 2021 at 0.01292149
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).