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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Hungarian Forint/Swedish Krona (FOREX:HUFSEK)

Bear Market Rally (-75) - HUFSEK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HUFSEK as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid ?

MarketClub looks at technical strength and momentum to determine if the timing is right for HUFSEK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HUFSEK
Open High Low HUFSEK Price Change
0.03138726 0.03153199 0.03122966 0.03129098 -0.00009600
Entry Signal

MarketClub’s Trade Triangles for HUFSEK

long term down The long-term trend has been DOWN since Sep 6th, 2019 at 0.03214300

intermediate term down The intermediate-term trend has been DOWN since Jan 20th, 2020 at 0.03136059

short term up The short-term trend has been UP since Feb 14th, 2020 at 0.03125241

Smart Scan Analysis for HUFSEK

Based on our trend formula, HUFSEK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for HUFSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03138726 0.03153199 0.03122966 0.03129098 -0.00009600
Prev. Close Volume Bid Ask Time
0.03138726 0.03122010 0.03136186 2020-02-17 19:35:05
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