Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Hungarian Forint/US Dollar (FOREX:HUFUSD)
Strong Uptrend (+100) - HUFUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, HUFUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Jul 22nd, 2020 at 0.00332675
The intermediate-term trend has been UP since Nov 8th, 2020 at 0.00331982
The short-term trend has been UP since Nov 25th, 2020 at 0.00330632
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).