Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Swedish Krona/Hungarian Forint (FOREX:SEKHUF)
Sidelines Mode (+55) - SEKHUF 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 SEKHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKHUF
The long-term trend has been UP since Mar 19th, 2020 at 32.24175
The intermediate-term trend has been UP since Mar 19th, 2020 at 32.11215
The short-term trend has been DOWN since May 26th, 2020 at 32.98965
Smart Scan Analysis for SEKHUF
Based on our trend formula, SEKHUF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).