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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Hungarian Forint/Czech Koruna (FOREX:HUFCZK)
Sidelines Mode (-55) - HUFCZK 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 HUFCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFCZK.
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 HUFCZK
The long-term trend has been DOWN since Mar 12th, 2024 at 0.06347131
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.06389705
The short-term trend has been UP since May 7th, 2024 at 0.06442969
Smart Scan Analysis for HUFCZK
Based on our trend formula, HUFCZK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.06435315 | 0.06439061 | 0.06426880 | 0.06436502 | +0.00001200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.06435315 | 2024-05-09 06:12:30 |