Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Hungarian Forint/US Dollar (FOREX:HUFUSD)
Long-Term Downtrend (-90) - HUFUSD is in a strong downtrend that is likely to continue. While HUFUSD 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 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 Sep 28th, 2021 at 0.00324980
The intermediate-term trend has been DOWN since Sep 17th, 2021 at 0.00332362
The short-term trend has been DOWN since Oct 20th, 2021 at 0.00320123
Smart Scan Analysis for HUFUSD
Based on our trend formula, HUFUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).