Forex Trend Analysis Report
Prepared for you on Saturday, April 17, 2021.
Hungarian Forint/Hong Kong Dollar (FOREX:HUFHKD)
Sidelines Mode (+55) - HUFHKD 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 HUFHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFHKD
The long-term trend has been DOWN since Mar 1st, 2021 at 0.02580754
The intermediate-term trend has been UP since Apr 5th, 2021 at 0.02542815
The short-term trend has been DOWN since Apr 13th, 2021 at 0.02573177
Smart Scan Analysis for HUFHKD
Based on our trend formula, HUFHKD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).