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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Hungarian Forint/Brazilian Real (FOREX:HUFBRL)
Sidelines Mode (+55) - HUFBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HUFBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFBRL.
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 HUFBRL
The long-term trend has been UP since Apr 17th, 2024 at 0.01424881
The intermediate-term trend has been UP since Apr 3rd, 2024 at 0.01389094
The short-term trend has been DOWN since May 8th, 2024 at 0.01399528
Smart Scan Analysis for HUFBRL
Based on our trend formula, HUFBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01408186 | 0.01408186 | 0.01405652 | 0.01406445 | -0.00001700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01408186 | 2024-05-09 03:57:35 |