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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Hong Kong Dollar/Hungarian Forint (FOREX:HKDHUF)

Bull Market Weakness (+75) - HKDHUF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HKDHUF as it may be in the beginning stages of a reversal.

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

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

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

FOREX_HKDHUF
Open High Low HKDHUF Price Change
46.44890 46.50045 46.39040 46.40830 -0.04060
Entry Signal

MarketClub’s Trade Triangles for HKDHUF

long term up The long-term trend has been UP since Mar 1st, 2024 at 46.51250

intermediate term up The intermediate-term trend has been UP since Jan 17th, 2024 at 44.74495

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 46.06400

Smart Scan Analysis for HKDHUF

Based on our trend formula, HKDHUF is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for HKDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
46.44890 46.50045 46.39040 46.40830 -0.04060
Prev. Close Volume Bid Ask Time
46.44890 2024-03-19 03:22:50
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