Forex Trend Analysis Report
Prepared for you on Thursday, March 23, 2023.
Hong Kong Dollar/Hungarian Forint (FOREX:HKDHUF)
Bear Market Rally (-75) - HKDHUF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HKDHUF as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid HKDHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDHUF
The long-term trend has been DOWN since Dec 13th, 2022 at 49.27555
The intermediate-term trend has been UP since Mar 13th, 2023 at 46.45600
The short-term trend has been DOWN since Mar 21st, 2023 at 46.87290
Smart Scan Analysis for HKDHUF
Based on our trend formula, HKDHUF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).