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Forex Trend Analysis Report

Prepared for you on Friday, June 21, 2024.

Hungarian Forint/Swedish Krona (FOREX:HUFSEK)

Weak Downtrend (-65) - HUFSEK is showing signs of a strengthening downtrend. Monitor HUFSEK as it may be building momentum to the downside.

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
0.02833573 0.02840133 0.02819674 0.02836287 +0.00002700
Entry Signal

MarketClub’s Trade Triangles for HUFSEK

long term up The long-term trend has been UP since Apr 30th, 2024 at 0.02999785

intermediate term down The intermediate-term trend has been DOWN since May 28th, 2024 at 0.02981046

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 0.02879076

Smart Scan Analysis for HUFSEK

Based on our trend formula, HUFSEK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for HUFSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02833573 0.02840133 0.02819674 0.02836287 +0.00002700
Prev. Close Volume Bid Ask Time
0.02833573 2024-06-21 17:00:50
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