Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
US Dollar/Hungarian Forint (FOREX:USDHUF)
Weak Downtrend (-65) - USDHUF is showing signs of a strengthening downtrend. Monitor USDHUF as it may be building momentum to the downside.
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 Mar 1st, 2021 at 300.56
The intermediate-term trend has been DOWN since Apr 5th, 2021 at 305.24
The short-term trend has been DOWN since Apr 19th, 2021 at 299.14
Smart Scan Analysis for USDHUF
Based on our trend formula, USDHUF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).