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Forex Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

Euro/Hungarian Forint (FOREX:EURHUF)

Long-Term Uptrend (+90) - EURHUF is in a strong uptrend that is likely to continue. While EURHUF 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 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.

FOREX_EURHUF
Open High Low EURHUF Price Change
364.9015 366.3325 361.8465 363.7120 -1.1895
Entry Signal

MarketClub’s Trade Triangles for EURHUF

long term up The long-term trend has been UP since Apr 30th, 2019 at 324.0135

intermediate term up The intermediate-term trend has been UP since Feb 26th, 2020 at 339.0140

short term up The short-term trend has been UP since Mar 12th, 2020 at 338.3685

Smart Scan Analysis for EURHUF

Based on our trend formula, EURHUF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for EURHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
364.9015 366.3325 361.8465 363.7120 -1.1895
Prev. Close Volume Bid Ask Time
364.9015 363.3280 364.0960 2020-04-06 14:50:33
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