Forex Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
US Dollar/Hungarian Forint (FOREX:USDHUF)
Long-Term Uptrend (+90) - USDHUF is in a strong uptrend that is likely to continue. While USDHUF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid USDHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDHUF
The long-term trend has been UP since Sep 28th, 2021 at 307.720
The intermediate-term trend has been UP since Apr 7th, 2022 at 350.627
The short-term trend has been UP since Jun 30th, 2022 at 382.500
Smart Scan Analysis for USDHUF
Based on our trend formula, USDHUF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).