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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.

FOREX_HUFPLN
Open High Low HUFPLN Price Change
0.01250653 0.01251980 0.01244577 0.01248748 -0.00001900
Entry Signal

MarketClub’s Trade Triangles for HUFPLN

long term down The long-term trend has been DOWN since Jan 10th, 2020 at 0.01272998

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2020 at 0.01244249

short term up 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).

-55
Smart Scan Analysis for HUFPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01250653 0.01251980 0.01244577 0.01248748 -0.00001900
Prev. Close Volume Bid Ask Time
0.01250653 2020-12-04 06:31:26
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