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Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
US Dollar/Hungarian Forint (FOREX:USDHUF)
Weak Downtrend (-65) - USDHUF is showing signs of a strengthening downtrend. Monitor USDHUF as it may be building momentum to the downside.
Is it time to buy, sell, or avoid USDHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDHUF
The long-term trend has been UP since Mar 17th, 2020 at 313.850
The intermediate-term trend has been DOWN since Apr 14th, 2020 at 319.609
The short-term trend has been DOWN since May 26th, 2020 at 318.170
Smart Scan Analysis for USDHUF
Based on our trend formula, USDHUF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 310.050 | 310.260 | 309.590 | 309.784 | -0.266 |
| Prev. Close | Volume | Bid | Ask | Time |
| 310.050 | 309.484 | 310.084 | 2020-06-02 01:31:09 |