Forex Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
Hungarian Forint/Euro (FOREX:HUFEUR)
Sidelines Mode (-55) - HUFEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HUFEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFEUR
The long-term trend has been UP since May 17th, 2021 at 0.00281802
The intermediate-term trend has been DOWN since Sep 17th, 2021 at 0.00283823
The short-term trend has been UP since Oct 14th, 2021 at 0.00278752
Smart Scan Analysis for HUFEUR
Based on our trend formula, HUFEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).