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.
MarketClub’s Trade Triangles for HUFSEK
The long-term trend has been DOWN since Sep 6th, 2019 at 0.03214300
The intermediate-term trend has been DOWN since Jan 20th, 2020 at 0.03136059
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).