Forex Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
Hungarian Forint/Singapore Dollar (FOREX:HUFSGD)
Crossroads (-60) - HUFSGD 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 HUFSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFSGD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFSGD
The long-term trend has been UP since Nov 14th, 2023 at 0.00390108
The intermediate-term trend has been DOWN since Dec 4th, 2023 at 0.00381694
The short-term trend has been DOWN since Nov 30th, 2023 at 0.00384625
Smart Scan Analysis for HUFSGD
Based on our trend formula, HUFSGD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).