Forex Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
US Dollar/Hungarian Forint (FOREX:USDHUF)
Bull Market Weakness (+75) - USDHUF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDHUF as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for USDHUF
The long-term trend has been DOWN since Nov 28th, 2023 at 345.075
The intermediate-term trend has been UP since Dec 7th, 2023 at 354.290
The short-term trend has been UP since Nov 30th, 2023 at 347.900
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).