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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Euro/Hungarian Forint (FOREX:EURHUF)

Countertrend Up (+85) - EURHUF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid EURHUF?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURHUF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURHUF
Open High Low EURHUF Price Change
394.9410 394.9800 394.9170 394.9515 +0.0105
Entry Signal

MarketClub’s Trade Triangles for EURHUF

long term up The long-term trend has been UP since Feb 27th, 2024 at 390.5345

intermediate term up The intermediate-term trend has been UP since Jan 22nd, 2024 at 383.6605

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 393.9140

Smart Scan Analysis for EURHUF

Based on our trend formula, EURHUF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for EURHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
394.9410 394.9800 394.9170 394.9515 +0.0105
Prev. Close Volume Bid Ask Time
394.9410 2024-03-19 00:30:16
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