Forex Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
Hungarian Forint/Swedish Krona (FOREX:HUFSEK)
Bear Market Rally (-75) - HUFSEK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HUFSEK as it may be in the beginning of a reversal.
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 Mar 19th, 2020 at 0.03100935
The intermediate-term trend has been DOWN since Mar 19th, 2020 at 0.03111233
The short-term trend has been UP since Mar 19th, 2020 at 0.03210277
Smart Scan Analysis for HUFSEK
Based on our trend formula, HUFSEK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).