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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.

FOREX_HUFSEK
Open High Low HUFSEK Price Change
0.02869518 0.02872195 0.02856688 0.02857880 -0.00011600
Entry Signal

MarketClub’s Trade Triangles for HUFSEK

long term down The long-term trend has been DOWN since Jun 25th, 2020 at 0.02958945

intermediate term up The intermediate-term trend has been UP since Nov 12th, 2020 at 0.02877906

short term up 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).

+60
Smart Scan Analysis for HUFSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02869518 0.02872195 0.02856688 0.02857880 -0.00011600
Prev. Close Volume Bid Ask Time
0.02869518 2020-12-04 09:19:59
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