Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
US Dollar/Hungarian Forint (FOREX:USDHUF)
Long-Term Uptrend (+90) - USDHUF is in a strong uptrend that is likely to continue. While USDHUF 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 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 UP since Apr 1st, 2019 at 286.69
The intermediate-term trend has been UP since Jan 9th, 2020 at 299.99
The short-term trend has been UP since Feb 19th, 2020 at 311.10
Smart Scan Analysis for USDHUF
Based on our trend formula, USDHUF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).