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Forex Trend Analysis Report

Prepared for you on Monday, July 13, 2020.

Hungarian Forint/Swedish Krona (FOREX:HUFSEK)

Strong Downtrend (-100) - HUFSEK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.

FOREX_HUFSEK
Open High Low HUFSEK Price Change
0.02942451 0.02946007 0.02931344 0.02935751 -0.00006700
Entry Signal

MarketClub’s Trade Triangles for HUFSEK

long term down The long-term trend has been DOWN since Jun 25th, 2020 at 0.02958945

intermediate term down The intermediate-term trend has been DOWN since Jun 23rd, 2020 at 0.03004251

short term down The short-term trend has been DOWN since Jul 5th, 2020 at 0.02947986

Smart Scan Analysis for HUFSEK

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

-100
Smart Scan Analysis for HUFSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02942451 0.02946007 0.02931344 0.02935751 -0.00006700
Prev. Close Volume Bid Ask Time
0.02942451 0.02935408 0.02936094 2020-07-13 06:15:49
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