Forex Trend Analysis Report
Prepared for you on Sunday, August 14, 2022.
Euro/Hungarian Forint (FOREX:EURHUF)
Weak Downtrend (-65) - EURHUF is showing signs of a strengthening downtrend. Monitor EURHUF as it may be building momentum to the downside.
Is it time to buy, sell, or avoid EURHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURHUF
The long-term trend has been UP since Feb 28th, 2022 at 371.9740
The intermediate-term trend has been DOWN since Jul 25th, 2022 at 395.6505
The short-term trend has been DOWN since Aug 12th, 2022 at 392.8525
Smart Scan Analysis for EURHUF
Based on our trend formula, EURHUF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).