Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Hungarian Forint/United Arab Emirates Dirham (FOREX:HUFAED)
Bull Market Weakness (+75) - HUFAED is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HUFAED as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid HUFAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFAED.
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 HUFAED
The long-term trend has been DOWN since Mar 1st, 2024 at 0.01007577
The intermediate-term trend has been UP since May 6th, 2024 at 0.01021075
The short-term trend has been UP since May 1st, 2024 at 0.01013711
Smart Scan Analysis for HUFAED
Based on our trend formula, HUFAED is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.01015147 | 0.01016052 | 0.01014305 | 0.01015615 | +0.00000500 |
Prev. Close | Volume | Bid | Ask | Time |
0.01015147 | 2024-05-09 02:29:44 |