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.
MarketClub’s Trade Triangles for HUFSEK
The long-term trend has been DOWN since Oct 8th, 2021 at 0.02807859
The intermediate-term trend has been DOWN since Sep 14th, 2021 at 0.02896132
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).