Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Singapore Dollar/Hungarian Forint (FOREX:SGDHUF)
Sidelines Mode (+55) - SGDHUF 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 SGDHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDHUF
The long-term trend has been UP since Mar 18th, 2020 at 226.5535
The intermediate-term trend has been DOWN since May 19th, 2020 at 226.5050
The short-term trend has been UP since May 25th, 2020 at 225.8395
Smart Scan Analysis for SGDHUF
Based on our trend formula, SGDHUF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).