Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

Singapore Dollar/Hungarian Forint (FOREX:SGDHUF)

Long-Term Uptrend (+90) - SGDHUF is in a strong uptrend that is likely to continue. While SGDHUF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

FOREX_SGDHUF
Open High Low SGDHUF Price Change
229.286 230.042 229.135 229.697 +0.411
Entry Signal

MarketClub’s Trade Triangles for SGDHUF

long term up The long-term trend has been UP since Sep 23rd, 2020 at 228.229

intermediate term up The intermediate-term trend has been UP since Dec 28th, 2020 at 224.358

short term up The short-term trend has been UP since Feb 26th, 2021 at 224.723

Smart Scan Analysis for SGDHUF

Based on our trend formula, SGDHUF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for SGDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
229.286 230.042 229.135 229.697 +0.411
Prev. Close Volume Bid Ask Time
229.286 2021-03-08 20:45:28
Get a free daily analysis and signals for Singapore Dollar/Hungarian Forint (SGDHUF) - Request Your Free Report.