Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Hungarian Forint/Polish New Zloty (FOREX:HUFPLN)
Sidelines Mode (-55) - HUFPLN 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 HUFPLN?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFPLN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFPLN
The long-term trend has been DOWN since Jan 10th, 2020 at 0.01272998
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 0.01244249
The short-term trend has been UP since Nov 27th, 2020 at 0.01241605
Smart Scan Analysis for HUFPLN
Based on our trend formula, HUFPLN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).