Forex Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
Hungarian Forint/US Dollar (FOREX:HUFUSD)
Sidelines Mode (-55) - HUFUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Aug 4th, 2022 at 0.00259527
The short-term trend has been DOWN since Aug 8th, 2022 at 0.00256563
Smart Scan Analysis for HUFUSD
Based on our trend formula, HUFUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).