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Forex Trend Analysis Report

Prepared for you on Friday, April 26, 2024.

Hungarian Forint/Hong Kong Dollar (FOREX:HUFHKD)

Bear Market Rally (-75) - HUFHKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HUFHKD as it may be in the beginning of a reversal.

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

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

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

FOREX_HUFHKD
Open High Low HUFHKD Price Change
0.02136400 0.02143017 0.02125620 0.02133775 -0.00002600
Entry Signal

MarketClub’s Trade Triangles for HUFHKD

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 0.02149908

intermediate term down The intermediate-term trend has been DOWN since Apr 12th, 2024 at 0.02122193

short term up The short-term trend has been UP since Apr 23rd, 2024 at 0.02123656

Smart Scan Analysis for HUFHKD

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

-75
Smart Scan Analysis for HUFHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02136400 0.02143017 0.02125620 0.02133775 -0.00002600
Prev. Close Volume Bid Ask Time
0.02136400 2024-04-26 13:06:40
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