Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
Hungarian Forint/US Dollar (FOREX:HUFUSD)
Strong Downtrend (-100) - HUFUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HUFUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFUSD
The long-term trend has been DOWN since Mar 17th, 2020 at 0.00318653
The intermediate-term trend has been DOWN since Mar 17th, 2020 at 0.00319540
The short-term trend has been DOWN since Mar 31st, 2020 at 0.00306194
Smart Scan Analysis for HUFUSD
Based on our trend formula, HUFUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).