Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Hungarian Forint/Swedish Krona (FOREX:HUFSEK)
Crossroads (+60) - HUFSEK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HUFSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFSEK
The long-term trend has been DOWN since Jun 25th, 2020 at 0.02958945
The intermediate-term trend has been UP since Nov 12th, 2020 at 0.02877906
The short-term trend has been UP since Nov 30th, 2020 at 0.02818456
Smart Scan Analysis for HUFSEK
Based on our trend formula, HUFSEK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).