Forex Trend Analysis Report
Prepared for you on Thursday, August 11, 2022.
Hungarian Forint/Swedish Krona (FOREX:HUFSEK)
Sidelines Mode (+55) - HUFSEK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 Mar 7th, 2022 at 0.02756875
The intermediate-term trend has been UP since Aug 10th, 2022 at 0.02662471
The short-term trend has been DOWN since Aug 10th, 2022 at 0.02606253
Smart Scan Analysis for HUFSEK
Based on our trend formula, HUFSEK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).