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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Singapore Dollar/Hungarian Forint (FOREX:SGDHUF)
Weak Downtrend (-65) - SGDHUF is showing signs of a strengthening downtrend. Monitor SGDHUF as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SGDHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDHUF.
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 SGDHUF
The long-term trend has been UP since Feb 28th, 2024 at 269.5005
The intermediate-term trend has been DOWN since May 6th, 2024 at 266.7750
The short-term trend has been DOWN since Apr 18th, 2024 at 270.0320
Smart Scan Analysis for SGDHUF
Based on our trend formula, SGDHUF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 266.8395 | 267.1875 | 265.7900 | 265.8235 | -1.0160 |
| Prev. Close | Volume | Bid | Ask | Time |
| 266.8395 | 2024-05-09 11:16:42 |
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