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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Hungarian Forint/US Dollar (FOREX:HUFUSD)
Bull Market Weakness (+75) - HUFUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HUFUSD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid HUFUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFUSD.
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 HUFUSD
The long-term trend has been DOWN since Mar 1st, 2024 at 0.00274749
The intermediate-term trend has been UP since May 9th, 2024 at 0.00278117
The short-term trend has been UP since May 9th, 2024 at 0.00277632
Smart Scan Analysis for HUFUSD
Based on our trend formula, HUFUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00276588 | 0.00278161 | 0.00276047 | 0.00277651 | +0.00001100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00276588 | 2024-05-09 13:50:06 |