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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Hungarian Forint/Euro (FOREX:HUFEUR)

Weak Downtrend (-65) - HUFEUR is showing signs of a strengthening downtrend. Monitor HUFEUR as it may be building momentum to the downside.

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

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

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

FOREX_HUFEUR
Open High Low HUFEUR Price Change
0.00253197 0.00253962 0.00252506 0.00253920 +0.00000700
Entry Signal

MarketClub’s Trade Triangles for HUFEUR

long term down The long-term trend has been DOWN since Feb 27th, 2024 at 0.00256059

intermediate term down The intermediate-term trend has been DOWN since Jan 22nd, 2024 at 0.00260604

short term down The short-term trend has been DOWN since Mar 19th, 2024 at 0.00252552

Smart Scan Analysis for HUFEUR

Based on our trend formula, HUFEUR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for HUFEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00253197 0.00253962 0.00252506 0.00253920 +0.00000700
Prev. Close Volume Bid Ask Time
0.00253197 2024-03-28 15:51:58
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