Forex Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
Singapore Dollar/Hungarian Forint (FOREX:SGDHUF)
Weak Downtrend (-65) - SGDHUF is showing signs of a strengthening downtrend. Monitor SGDHUF as it may be building momentum to the downside.
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 UP since Mar 18th, 2020 at 226.5535
The intermediate-term trend has been DOWN since May 19th, 2020 at 226.5050
The short-term trend has been DOWN since May 26th, 2020 at 224.1185
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).