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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

Hungarian Forint/Swedish Krona (FOREX:HUFSEK)

Long-Term Downtrend (-90) - HUFSEK is in a strong downtrend that is likely to continue. While HUFSEK 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 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
0.02731021 0.02741379 0.02724661 0.02738167 +0.00007100
Entry Signal

MarketClub’s Trade Triangles for HUFSEK

long term down The long-term trend has been DOWN since Oct 8th, 2021 at 0.02807859

intermediate term down The intermediate-term trend has been DOWN since Sep 14th, 2021 at 0.02896132

short term down The short-term trend has been DOWN since Oct 13th, 2021 at 0.02793921

Smart Scan Analysis for HUFSEK

Based on our trend formula, HUFSEK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HUFSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02731021 0.02741379 0.02724661 0.02738167 +0.00007100
Prev. Close Volume Bid Ask Time
0.02731021 2021-10-26 14:17:29
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