Forex Trend Analysis Report
Prepared for you on Monday, April 19, 2021.
Hungarian Forint/Singapore Dollar (FOREX:HUFSGD)
Sidelines Mode (+55) - HUFSGD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HUFSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFSGD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFSGD
The long-term trend has been DOWN since Sep 23rd, 2020 at 0.00438194
The intermediate-term trend has been UP since Apr 5th, 2021 at 0.00438952
The short-term trend has been DOWN since Apr 15th, 2021 at 0.00444084
Smart Scan Analysis for HUFSGD
Based on our trend formula, HUFSGD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).