Forex Trend Analysis Report
Prepared for you on Tuesday, January 19, 2021.
Hungarian Forint/Japanese Yen (FOREX:HUFJPY)
Weak Downtrend (-65) - HUFJPY is showing signs of a strengthening downtrend. Monitor HUFJPY as it may be building momentum to the downside.
Is it time to buy, sell, or avoid HUFJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFJPY
The long-term trend has been DOWN since Sep 23rd, 2020 at 0.33695
The intermediate-term trend has been DOWN since Dec 28th, 2020 at 0.34671
The short-term trend has been DOWN since Jan 11th, 2021 at 0.35223
Smart Scan Analysis for HUFJPY
Based on our trend formula, HUFJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).