Forex Trend Analysis Report
Prepared for you on Wednesday, September 22, 2021.
Singapore Dollar/Hungarian Forint (FOREX:SGDHUF)
Bull Market Weakness (+75) - SGDHUF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDHUF as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SGDHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDHUF
The long-term trend has been DOWN since May 14th, 2021 at 220.7055
The intermediate-term trend has been UP since Sep 9th, 2021 at 221.1455
The short-term trend has been UP since Sep 16th, 2021 at 221.4590
Smart Scan Analysis for SGDHUF
Based on our trend formula, SGDHUF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).