Forex Trend Analysis Report
Prepared for you on Sunday, August 14, 2022.
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 Sep 27th, 2021 at 226.0850
The intermediate-term trend has been UP since Apr 7th, 2022 at 257.0535
The short-term trend has been DOWN since Aug 10th, 2022 at 278.3765
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).