Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
Hungarian Forint/Singapore Dollar (FOREX:HUFSGD)
Long-Term Downtrend (-90) - HUFSGD is in a strong downtrend that is likely to continue. While HUFSGD 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 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 DOWN since Sep 23rd, 2020 at 0.00438194
The intermediate-term trend has been DOWN since Feb 24th, 2021 at 0.00445516
The short-term trend has been DOWN since Feb 26th, 2021 at 0.00445060
Smart Scan Analysis for HUFSGD
Based on our trend formula, HUFSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).