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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Hong Kong Dollar/Hungarian Forint (FOREX:HKDHUF)
Countertrend Up (+85) - HKDHUF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid HKDHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDHUF.
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 HKDHUF
The long-term trend has been UP since Mar 1st, 2024 at 46.5125
The intermediate-term trend has been UP since Apr 12th, 2024 at 47.1190
The short-term trend has been UP since May 8th, 2024 at 46.4054
Smart Scan Analysis for HKDHUF
Based on our trend formula, HKDHUF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 46.26770 | 46.28065 | 46.25620 | 46.27715 | +0.00945 |
| Prev. Close | Volume | Bid | Ask | Time |
| 46.26770 | 2024-05-09 01:00:54 |