Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Hungarian Forint/Swedish Krona (FOREX:HUFSEK)
Long-Term Downtrend (-90) - HUFSEK is in a strong downtrend that is likely to continue. While HUFSEK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HUFSEK?
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.
MarketClub’s Trade Triangles for HUFSEK
The long-term trend has been DOWN since Aug 1st, 2023 at 0.02981986
The intermediate-term trend has been DOWN since Nov 15th, 2023 at 0.03038303
The short-term trend has been DOWN since Nov 30th, 2023 at 0.02998937
Smart Scan Analysis for HUFSEK
Based on our trend formula, HUFSEK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).