Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
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.
MarketClub’s Trade Triangles for EURHUF
The long-term trend has been UP since Oct 18th, 2021 at 362.4595
The intermediate-term trend has been UP since Sep 17th, 2021 at 352.3770
The short-term trend has been UP since Oct 18th, 2021 at 360.5040
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).