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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Hungarian Forint/Japanese Yen (FOREX:HUFJPY)
Strong Uptrend (+100) - HUFJPY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, HUFJPY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid HUFJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFJPY.
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 HUFJPY
The long-term trend has been UP since Sep 12th, 2022 at 0.368735
The intermediate-term trend has been UP since Apr 4th, 2024 at 0.420125
The short-term trend has been UP since Apr 23rd, 2024 at 0.419245
Smart Scan Analysis for HUFJPY
Based on our trend formula, HUFJPY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.422575 | 0.425480 | 0.421115 | 0.424395 | +0.001820 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.422575 | 2024-04-25 12:35:21 |