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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Hungarian Forint (FOREX:EURHUF)
Crossroads (-60) - EURHUF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURHUF
The long-term trend has been UP since Feb 27th, 2024 at 390.5345
The intermediate-term trend has been DOWN since May 6th, 2024 at 388.4285
The short-term trend has been DOWN since Apr 23rd, 2024 at 393.3835
Smart Scan Analysis for EURHUF
Based on our trend formula, EURHUF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 388.6835 | 389.1765 | 387.5695 | 388.2125 | -0.4710 |
| Prev. Close | Volume | Bid | Ask | Time |
| 388.6835 | 2024-05-09 13:45:43 |