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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.

FOREX_HUFEUR
Open High Low HUFEUR Price Change
0.00278848 0.00278894 0.00277392 0.00277688 -0.00001200
Entry Signal

MarketClub’s Trade Triangles for HUFEUR

long term up The long-term trend has been UP since May 17th, 2021 at 0.00281802

intermediate term down The intermediate-term trend has been DOWN since Sep 17th, 2021 at 0.00283823

short term up 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).

-55
Smart Scan Analysis for HUFEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00278848 0.00278894 0.00277392 0.00277688 -0.00001200
Prev. Close Volume Bid Ask Time
0.00278848 2021-10-15 17:01:18
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