Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Hungarian Forint/Brazilian Real (FOREX:HUFBRL)
Long-Term Downtrend (-90) - HUFBRL is in a strong downtrend that is likely to continue. While HUFBRL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HUFBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFBRL
The long-term trend has been DOWN since Jul 29th, 2022 at 0.01297165
The intermediate-term trend has been DOWN since Jul 29th, 2022 at 0.01297165
The short-term trend has been DOWN since Aug 15th, 2022 at 0.01323167
Smart Scan Analysis for HUFBRL
Based on our trend formula, HUFBRL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).