Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Singapore Dollar/Hungarian Forint (FOREX:SGDHUF)
Crossroads (+60) - SGDHUF is struggling to move into a solid trend. Beware of choppy markets 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 DOWN since Nov 14th, 2023 at 256.334
The intermediate-term trend has been UP since Dec 4th, 2023 at 262.041
The short-term trend has been UP since Nov 30th, 2023 at 259.958
Smart Scan Analysis for SGDHUF
Based on our trend formula, SGDHUF is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).