Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
US Dollar/Hungarian Forint (FOREX:USDHUF)
Strong Uptrend (+100) - USDHUF is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDHUF continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Sep 17th, 2021 at 300.890
The short-term trend has been UP since Oct 20th, 2021 at 312.375
Smart Scan Analysis for USDHUF
Based on our trend formula, USDHUF is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).